2007 Regular Session

HOUSE BILL 35

CHAPTER NUMBER: 587
File Code: Taxes - Income
Sponsored By:
Delegate Hixson
Entitled:
Income Tax - Expensing of Section 179 Property

Synopsis:

Clarifying a specified modification to federal adjusted gross income under the Maryland income tax relating to determination of the maximum aggregate costs that a taxpayer may treat as an expense under Section 179 of the Internal Revenue Code without regard to specified changes to that section under federal law; and applying the Act to tax years after 2006.

History by Legislative and Calendar Date

House Action
1/17
First Reading Ways and Means
1/31
Hearing 2/8 at 11:00 a.m.
2/27
Favorable Report by Ways and Means
2/28
Favorable Report Adopted
Second Reading Passed
3/2
Third Reading Passed (97-39)
4/1
Returned Passed
Senate Action
3/5
First Reading Budget and Taxation
3/15
Hearing 3/27 at 1:00 p.m.
4/2
Favorable Report by Budget and Taxation
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Special Order later today (Senator Greenip) Adopted
4/2
Third Reading Passed (31-16)
Action after passage in House and Senate
5/17
Approved by the Governor
- Chapter 587

Bill indexed under the following Subjects:

Exemptions
Federal Government
Income Tax

Bill affects the following Statute:

Tax - General
( 10-210.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 2, 2007: Third Reading Passed (97-39)
Senate
April 2, 2007: Third Reading Passed (31-16)