File Code: Taxes - Income
- Sponsored By:
-
Delegate Hixson
- Entitled:
-
Income Tax - Expensing of Section 179 Property
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.
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
)
- 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)