2003 Regular Session

HOUSE BILL 776

File Code: Taxes - Income
Sponsored By:
Delegates Hixson, Bozman, Gordon, Healey, Howard, Marriott, and Patterson
Entitled:
Corporations and Other Business Entities - Fees and Taxes

Synopsis:

Increasing from $100 to $250 and expanding the application of fees collected by the Department of Assessments and Taxation for the filing of annual reports by specified entities; requiring that specified interest expenses and intangible expenses be added to the federal taxable income of a corporation to determine Maryland modified income under specified circumstances; requiring specified corporations to compute Maryland taxable income using a specified method for taxable years beginning after 2004; etc.

History by Legislative Date

House Action
2/7
First Reading Ways and Means
2/19
Hearing 3/4 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Sheila E. Hixson, District 20
Delegate K. Bennett Bozman, District 38B
Delegate Michael R. Gordon, District 17
Delegate Anne Healey, District 22
Delegate Carolyn J. B. Howard, District 24
Delegate Salima Siler Marriott, District 40
Delegate Obie Patterson, District 26
Bill indexed under the following Subjects:
ASSESSMENTS AND TAXATION, DEPARTMENT OF
BANKS AND TRUST COMPANIES
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
CREDIT UNIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
INCOME TAX
INTERSTATE AFFAIRS
LIMITED LIABILITY COMPANIES
NONRESIDENTS -see also- ALIENS
PARTNERSHIPS
REAL ESTATE INVESTMENT TRUSTS
REPORTS
RULES AND REGULATIONS
SAVINGS AND LOAN ASSOCIATIONS
Bill affects the following Statutes:
Corporations and Associations
( 1-203 , 10-306.1 , 10-402 , 10-402.1 , 10-804 , 10-811 )
Tax - General
( 10-109 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered