HOUSE BILL 1360

File Code: Taxes - Income

Sponsored By:

Delegates Gordon and Patterson

Entitled:

Income Tax - Effect of Amendment of Internal Revenue Code

Synopsis:

Adopting the Internal Revenue Code (IRC) as in effect on January 1, 2005, for purposes of the Maryland income tax; requiring the Comptroller each year to submit to the General Assembly proposed legislation regarding adoption of amendments to the IRC; requiring an addition modification for the amount of a deduction allowed for federal income tax purposes relating to production activities income; applying the Act to tax years after 2004; etc.

History by Legislative Date

House Action

2/11

First Reading Ways and Means

2/23

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

4/11

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Michael R. Gordon, District 17

Delegate Obie Patterson, District 26

Bill indexed under the following Subjects:

CODES -see also- ANNOTATED CODE OF MD; BUILDING CODES

COMPTROLLER

EXEMPTIONS

FEDERAL GOVERNMENT

GENERAL ASSEMBLY -see also- AELR CMTE; LEG POLICY COMMITTEE.

INCOME TAX

LEGISLATION - see also- CORRECTIVE LEGISLATION; CURATIV LEG.

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statutes:

Tax - General

( 10-108 , 10-204 , 10-204 , 10-305 , 10-305 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered