File Code: Taxes - Income
Crossfiled with: HOUSE BILL 1244
- Sponsored By:
-
Senators Pinsky, Frosh, Harrington, Madaleno, Raskin, and Rosapepe
- Entitled:
-
Corporate Income Tax - Rate Reduction and Reform
Setting the State corporate income tax rate for taxable years that
begin in 2011 to be a specified rate determined by the Comptroller;
providing for combined reporting under the corporate income tax for
members of combined groups; allowing an income tax credit for
specified corporations for specified taxable years; requiring the
Comptroller to make specified estimates and include the estimates in a
specified report; stating the intent of the General Assembly that the
corporate income tax rate be permanently reduced; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/6
- First Reading Budget and Taxation
- 2/25
- Hearing 3/11 at 1:00 p.m.
House Action
- No Action
Sponsored by:
- Senator Paul G. Pinsky, District 22
- Senator Brian E. Frosh, District 16
- Senator David C. Harrington, District 47
- Senator Richard S. Madaleno, Jr., District 18
- Senator Jamie Raskin, District 20
- Senator Jim Rosapepe, District 21
Bill indexed under the following Subjects:
- Comptroller
- Corporations -see also- Municipal Corps; Public Corps & Inst
- General Assembly -see also- AELR Cmte; Leg Policy Committee.
- Income Tax
- Interstate Affairs
- Legislation -see also- Corrective Leg; Curative Leg
- Reports
- Rules and Regulations
- Tax Credits -see also- Circuit Breaker
Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-402.1 ,
10-728 ,
10-804.1 ,
10-804.1 ,
10-804.1 ,
10-811
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered