2010 Regular Session

HOUSE BILL 10

File Code: Taxes - Income
Sponsored By:
Delegate Manno
Entitled:
Teacher and Employee Pension Sustainability and Solvency Trust Fund

Synopsis:

Imposing a tax at a specified rate on income in excess of $1,000,000; requiring specified corporations to compute Maryland taxable income using a specified method; requiring that, subject to specified regulations, specified groups of corporations file a combined income tax return; establishing the Teacher Pension Sustainability and Solvency Trust Fund; altering the determination of the State's contribution for specified plans in the State Retirement and Pension System; applying the Act to tax years beginning after 2010; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
7/17
Pre-filed
1/13
First Reading Appropriations & Ways and Means
1/22
Hearing 2/2 at 1:00 p.m. (Appropriations)
1/25
Hearing cancelled (Appropriations)
1/27
Hearing 2/9 at 2:00 p.m. (Appropriations)
4/8
Unfavorable Report by Appropriations
Senate Action
No Action

Bill indexed under the following Subjects:

Budget and Management, Department of
Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Governor
Income Tax
Interstate Affairs
Retirement Systems -see also- Mandatory Retirement
Rules and Regulations
State Employees
Teachers

Bill affects the following Statutes:

State Finance and Procurement
( 7-327 )
State Personnel and Pensions
( 21-304 )
Tax - General
( 2-608.2 , 2-609 , 2-613.1 , 2-613.1 , 2-614 , 2-615 , 10-105 , 10-402.1 , 10-811 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
House
Appropriations
Ways and Means