1996 Regular Session

HOUSE BILL 1360

File Code: Taxes - Income
Sponsored By:
Delegate Rosapepe
Entitled:
Contributions to Employee Stock Ownership Plans

Synopsis:

Requiring the amount allowed as a deduction under the Internal Revenue Code for employer contributions to a trust that forms part of an employee stock ownership plan to be added to the federal taxable income of a corporation to determine Maryland modified income under specified circumstances; and applying the Act.

Legislative History

House Action
2/23
First Reading Ways and Means
Hearing 3/14 at 1:00 p.m.
Senate Action
No Action
Bill indexed under the following Subjects:
CORPORATIONS -see also- MERGERS
EXEMPTIONS
INCOME TAX
SECURITIES
WORK, LABOR AND EMPLOYMENT -see also- LEAVE, OVERTIME
Bill affects the following Statute:
Tax - General
( 10-305 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available