2007 Special Session 1

HOUSE BILL 16

File Code: Taxes - Income
Sponsored By:
Delegate Ross
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 2007; etc.

History by Legislative and Calendar Date

House Action
10/29
First Reading Ways and Means
10/30
Hearing 11/3 at 10:00 a.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Foreign Ownership
Income Tax
Records -see also- Land Records; Vital Records
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