File Code: Taxes - Income
Crossfiled with: SENATE BILL 851
- Sponsored By:
-
Delegate Cryor
- Entitled:
-
Income Tax - Corporations - Addition Modification for Royalty
Payments
Requiring that specified royalty payments be added to the federal
taxable income of a corporation to determine Maryland modified income
under specified circumstances; allowing a subtraction modification for
specified royalty payments received by the taxpayer under specified
circumstances; requiring the Comptroller to waive penalties and to
assess interest at a rate not to exceed 6.5% under specified
circumstances; defining specified terms; etc.
House Action
- 2/13
- First Reading Ways and Means
- 2/18
- Hearing 2/25 at 1:00 p.m.
Senate Action
- No Action
- Bill indexed under the following Subjects:
- COMPTROLLER
- COPYRIGHT
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EXEMPTIONS
- INCOME TAX
- INTEREST
- NAMES -see also- PROPER NAMES
- PENALTIES
- Bill affects the following Statute:
- Tax - General
- (
10-306.1
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered