File Code: Taxes - Income
- Sponsored By:
-
Delegates Hixson, Bozman, C. Davis, Gordon, Healey, Howard,
Marriott, and Patterson
- Entitled:
-
Income Tax - Expensing of Section 179 Property - Decoupling from
Federal Changes
Providing for modifications to federal adjusted gross income of an
individual or federal taxable income of a corporation for Maryland
income tax purposes to reflect the determination of the maximum
aggregate costs that a taxpayer may treat as an expense under Section
179 of the Internal Revenue Code for any taxable year without regard
to the changes made to that section by the federal Jobs and Growth Tax
Relief Reconciliation Act of 2003; and applying the Act to tax years
after 2002.
House Action
- 1/29
- First Reading Ways and Means
- 2/11
- Hearing 2/25 at 1:00 p.m.
Senate Action
- No Action
- Sponsored by:
- Delegate Sheila E. Hixson, District 20
- Delegate K. Bennett Bozman, District 38B
- Delegate Clarence Davis, District 45
- 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:
- COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
- EXEMPTIONS
- FEDERAL GOVERNMENT
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-108 ,
10-210.1 ,
10-310
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered