2004 Regular Session

SENATE BILL 727

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1206
Sponsored By:
Senators Ruben, Astle, Conway, Currie, Exum, Forehand, Frosh, Giannetti, Gladden, Green, Grosfeld, Hollinger, Jones, Lawlah, McFadden, Middleton, Pinsky, Stone, and Teitelbaum
Entitled:
Corporate Income Tax Reform

Synopsis:

Requiring specified corporations to compute Maryland taxable income using a specified method; providing that, except as provided by and subject to regulations of the Comptroller, specified groups of corporations shall file a combined income tax return reflecting the aggregate income tax liability of all of the members of the group; requiring the Comptroller to adopt regulations; applying the Act to tax years after 2003; etc.

History by Legislative Date

Senate Action
2/6
First Reading Budget and Taxation
2/11
Hearing 2/25 at 1:00 p.m.
House Action
No Action
Sponsored by:
Senator Ida G. Ruben, District 20
Senator John C. Astle, District 30
Senator Joan Carter Conway, District 43
Senator Ulysses Currie, District 25
Senator Nathaniel Exum, District 24
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator John A. Giannetti, Jr., District 21
Senator Lisa A. Gladden, District 41
Senator Leo E. Green, District 23
Senator Sharon M. Grosfeld, District 18
Senator Paula C. Hollinger, District 11
Senator Verna L. Jones, District 44
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Thomas McLain Middleton, District 28
Senator Paul G. Pinsky, District 22
Senator Norman R. Stone, Jr., District 6
Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE
INTERSTATE AFFAIRS
REPORTS
RULES AND REGULATIONS
Bill affects the following Statutes:
Tax - General
( 10-402.1 , 10-804 , 10-811 )

Documents:

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