File Code: Taxes - Income
Prior Year Introduction As: HB 322/05 - W&M
- Sponsored By:
-
Delegates Krebs, Aumann, Bartlett, Bates, Cluster, Costa, Cryor,
DeBoy, Dwyer, Eckardt, Elliott, Elmore, Frank, Glassman, Haddaway,
Hogan, Jennings, Kohl, McComas, McMillan, Minnick, Shank, Shewell,
Smigiel, Sossi, Stocksdale, Stull, Trueschler, and Weir
- Entitled:
-
Income Tax - Expensing of Section 179 Property
Limiting to property placed in service before January 1, 2006, the
applicability of modifications to federal adjusted gross income of an
individual or federal taxable income of a corporation for Maryland
income tax purposes to reflect the determination of the maximum
aggregate costs that a taxpayer may treat as an expense under Section
179 of the Internal Revenue Code for any taxable year without regard
to the changes made to that section by the federal Jobs and Growth
Reconciliation Act of 2003 for federal income tax purposes; etc.
House Action
- 1/18
- First Reading Ways and Means
- 2/22
- Hearing 3/10 at 1:30 p.m.
Senate Action
- No Action
Sponsored by:
- Delegate Susan W. Krebs, District 9B
- Delegate Susan L. M. Aumann, District 42
- Delegate Joseph R. Bartlett, District 4A
- Delegate Gail H. Bates, District 9A
- Delegate John W. E. Cluster, Jr., District 8
- Delegate Robert A. Costa, District 33B
- Delegate Jean B. Cryor, District 15
- Delegate Steven J. DeBoy, Sr., District 12A
- Delegate Donald H. Dwyer, Jr., District 31
- Delegate Adelaide C. Eckardt, District 37B
- Delegate Donald B. Elliott, District 4B
- Delegate D. Page Elmore, District 38A
- Delegate William J. Frank, District 42
- Delegate Barry Glassman, District 35A
- Delegate Jeannie Haddaway, District 37B
- Delegate Patrick N. Hogan, District 3A
- Delegate J. B. Jennings, District 7
- Delegate Sheryl Davis Kohl, District 34A
- Delegate Susan K. McComas, District 35B
- Delegate Herb McMillan, District 30
- Delegate Joseph J. Minnick, District 6
- Delegate Christopher B. Shank, District 2B
- Delegate Tanya T. Shewell, District 5A
- Delegate Michael D. Smigiel, Sr., District 36
- Delegate Richard A. Sossi, District 36
- Delegate Nancy R. Stocksdale, District 5A
- Delegate Paul S. Stull, District 4A
- Delegate John G. Trueschler, District 42
- Delegate Michael H. Weir, Jr., District 6
Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
- EXEMPTIONS
- FEDERAL GOVERNMENT
- INCOME TAX
- PERSONAL PROPERTY
- REAL PROPERTY
Bill affects the following Statutes:
- Tax - General
- (
10-210.1 ,
10-310
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered