HOUSE BILL 676

File Code: Taxes - Income Crossfiled with: SENATE BILL 403

Sponsored By:

Delegate Hixson

Entitled:

Corporate Income Tax Reform - Combined Reporting

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 to all of the members of the group; requiring specified corporations to include with an income tax return or otherwise file with the Comptroller a specified statement; etc.

History by Legislative Date

House Action

2/7

First Reading Ways and Means

2/16

Hearing 3/9 at 1:00 p.m.

4/11

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

INCOME TAX

RULES AND REGULATIONS

Bill affects the following Statutes:

Tax - General

( 10-402.1 , 10-804 , 10-811 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered