HOUSE BILL 1581

File Code: Taxes - Income

Sponsored By:

Delegate Hixson

Entitled:

Tax Compliance - Pass-Through Entities - Real Estate Investment Trusts

Synopsis:

Making real estate investment trusts subject to provisions requiring pass-through entities to pay a tax based on specified income of nonresident members under specified circumstances; requiring specified pass-through entities to pay a tax based on specified income of nonresident entity members under specified circumstances; including dividends received from a real estate investment trust in the Maryland taxable income of a nonresident to a specified extent; etc.

History by Legislative Date

House Action

3/7

First Reading House Rules and Executive Nominations

3/14

Re-referred Ways and Means

3/16

Hearing 3/29 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

EXEMPTIONS

INCOME TAX

INVESTMENTS -see also- SECURITIES

LIMITED LIABILITY COMPANIES

NONRESIDENTS -see also- ALIENS

PARTNERSHIPS

REAL ESTATE INVESTMENT TRUSTS

REPORTS

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General

( 10-101 , 10-102.1 , 10-104 , 10-210 , 10-210 , 10-701.1 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered