Legislation

Title: Income Tax - Expensing of Business Property - Recoupling With Federal Law (Maryland Manufacturing Tax Relief Act of 2022)
Sponsored by: Delegates Qi, Hornberger, Kittleman, Queen, and Walker
Status: In the House - Hearing 2/23 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Repealing Maryland income tax modifications for certain deductions for the cost of business property that is treated as an expense for federal income tax purposes; and applying the Act to all taxable years beginning after December 31, 2021.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0693

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber House Calendar Date 2/07/2022 Legislative Date 2/07/2022 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/08/2022 Legislative Date 2/08/2022 Action Hearing 2/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Expensing of Business Property - Recoupling With Federal Law (Maryland Manufacturing Tax Relief Act of 2022) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2022	2/07/2022	First Reading Ways and Means
House	2/08/2022	2/08/2022	Hearing 2/23 at 1:00 p.m.
			Text - First - Income Tax - Expensing of Business Property - Recoupling With Federal Law (Maryland Manufacturing Tax Relief Act of 2022)

File Code

Subjects

Statutes