File Code: Taxes - Income
- Sponsored By:
-
Delegates King, Barkley, Bozman, G. Clagett, Dumais, Feldman,
Gordon, Levy, Murray, Patterson, and Ramirez
- Entitled:
-
Income Tax - Corporations - Payments to Related Entities
Providing an exception to a requirement that otherwise deductible
interest expenses and intangible expenses paid by a corporation to
related entities must be added to the federal taxable income to
determine Maryland modified income under specified circumstances, if
during the same taxable year the corporation making the payment
directly or indirectly received the interest expense or intangible
expense from a person who is not a related member; and applying the
Act to tax years after 2006.
House Action
- 2/10
- First Reading Ways and Means
- 3/1
- Hearing 3/21 at 1:00 p.m.
- 3/16
- Hearing cancelled
- 3/20
- Withdrawn
Senate Action
- No Action
Sponsored by:
- Delegate Nancy J. King, District 39
- Delegate Charles Barkley, District 39
- Delegate K. Bennett Bozman, District 38B
- Delegate Galen R. Clagett, District 3A
- Delegate Kathleen M. Dumais, District 15
- Delegate Brian J. Feldman, District 15
- Delegate Michael R. Gordon, District 17
- Delegate Murray D. Levy, District 28
- Delegate Gareth E. Murray, District 20
- Delegate Obie Patterson, District 26
- Delegate Victor R. Ramirez, District 47
Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- INCOME TAX
Bill affects the following Statute:
- Tax - General
- (
10-306.1
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note:
Not available at this time
- Amendments:
None offered