2007 Regular Session

HOUSE BILL 553

File Code: Taxes - Income Prior Year Introduction As: HB 76/06 - W&M
Sponsored By:
Delegates Ross, Gilchrist, Ivey, Kaiser, Rice, and Stukes
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 to taxable years after 2006; etc.

History by Legislative and Calendar Date

House Action
2/7
First Reading Ways and Means
2/14
Hearing 3/15 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Justin D. Ross, District 22
Delegate Jim Gilchrist, District 17
Delegate Jolene Ivey, District 47
Delegate Anne R. Kaiser, District 14
Delegate Craig L. Rice, District 15
Delegate Melvin Stukes, District 44

Bill indexed under the following Subjects:

Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
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 and Policy Note (Displayed in PDF Format): Available
Amendments: None offered