HOUSE BILL 76

File Code: Taxes - Income Prior Year Introduction As: HB 62/05 - W&M

Sponsored By:

Delegate Ross

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 for specified tax years; requiring the Comptroller to adopt regulations; applying the Act; etc.

History by Legislative Date

House Action

11/15

Pre-filed

1/11

First Reading Ways and Means

2/22

Hearing 3/15 at 1:00 p.m.

Senate Action

No Action

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered