Legislation

Title: Corporate Income Tax - Throwback Rule and Combined Reporting
Sponsored by: Delegates Lehman, Palakovich Carr, R. Lewis, Moon, Ruth, and Stewart
Status: In the House - Hearing 2/09 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; 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; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2022, July 1, 2023

History

Legislation History
Chamber House Calendar Date 1/20/2022 Legislative Date 1/20/2022 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/26/2022 Legislative Date 1/26/2022 Action Hearing 2/09 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Throwback Rule and Combined Reporting Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/20/2022	1/20/2022	First Reading Ways and Means
House	1/26/2022	1/26/2022	Hearing 2/09 at 1:00 p.m.
			Text - First - Corporate Income Tax - Throwback Rule and Combined Reporting

File Code

Subjects

Statutes