2010 Regular Session

SENATE BILL 574

EMERGENCY BILL
File Code: Taxes - Income Prior Year Introduction As: SB 1069/09 - SRU Crossfiled with: HOUSE BILL 241
Sponsored By:
Senators Madaleno, Frosh, King, McFadden, and Peters
Entitled:
Income Tax - Net Operating Loss Deductions - Loss from Criminal Fraud or Embezzlement

Synopsis:

Providing that a Maryland income tax provision requiring addition or subtraction modifications to federal adjusted gross income to determine Maryland adjusted gross income of an individual without regard to the special net operating loss carryback period provided under � 172(b)(1)(H) of the Internal Revenue Code is not applicable to net operating losses covered under I.R.S. Revenue Ruling 2009-9 and substantiated under I.R.S. Revenue Procedure 2009-20; making the Act an emergency measure; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Budget and Taxation
3/10
Hearing 3/24 at 1:00 p.m.
3/17
Hearing cancelled
Hearing 3/24 at 1:15 p.m.
3/23
Hearing cancelled
Hearing 3/24 at 2:15 p.m.
House Action
No Action

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator Brian E. Frosh, District 16
Senator Nancy J. King, District 39
Senator Nathaniel J. McFadden, District 45
Senator Douglas J. J. Peters, District 23

Bill indexed under the following Subjects:

Crimes and Punishments -see also- Penalties and Sentnc; etc.
Exemptions
Fraud -see also- Forgery
Income Tax
Investments -see also- Securities

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