HOUSE BILL 1177

File Code: Taxes - Income Crossfiled with: SENATE BILL 867

Sponsored By:

Delegates Cardin, Elmore, Gilleland, Goodwin, and Smigiel

Entitled:

Income Tax - Credit for Income Tax Paid to Another State - Income from Pass-Through Entities

Synopsis:

Altering the calculation of the credit against the State income tax allowed for income tax paid to another state with respect to income tax paid to another state on a resident's share of income from specified pass-through entities; allowing specified excess credit to be applied against the county income tax under specified circumstances; applying the Act to tax years after 2005; etc.

History by Legislative Date

House Action

2/10

First Reading Ways and Means

3/1

Hearing 3/21 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Jon S. Cardin, District 11

Delegate D. Page Elmore, District 38A

Delegate Terry R. Gilleland, Jr., District 32

Delegate Marshall T. Goodwin, District 40

Delegate Michael D. Smigiel, Sr., District 36

Bill indexed under the following Subjects:

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INCOME TAX

INTERSTATE AFFAIRS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-703 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered