Legislation

Title: Corporate Income Tax - Combined Reporting
Sponsored by: Delegates Lehman, Hill, Palakovich Carr, Pena-Melnyk, Ruth, Solomon, and Terrasa
Status: In the House - Hearing 2/02 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0457 Session: 2022 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 8/05/2022 Legislative Date 8/05/2022 Action Pre-filed Proceedings
Chamber House Calendar Date 1/11/2023 Legislative Date 1/11/2023 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Combined Reporting Proceedings
Chamber House Calendar Date 1/16/2023 Legislative Date 1/16/2023 Action Hearing 2/02 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	8/05/2022	8/05/2022	Pre-filed
House	1/11/2023	1/11/2023	First Reading Ways and Means
			Text - First - Corporate Income Tax - Combined Reporting
House	1/16/2023	1/16/2023	Hearing 2/02 at 1:00 p.m.

File Code

Subjects

Statutes