Legislation

Title: Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsored by: Senators Young and Feldman
Status: In the Senate - Hearing 1/22 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for amounts of ordinary and necessary expenses paid or incurred during the taxable year, including a reasonable allowance for salaries and certain other compensation, in carrying on a trade or business as a certain medical cannabis grower, processor, dispensary, or independent testing laboratory; applying the Act to taxable years beginning after December 31, 2019; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB1210

Introduced in a prior session as: SB0009 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/10/2020 Legislative Date 1/10/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory Proceedings
Chamber Senate Calendar Date 1/10/2020 Legislative Date 1/10/2020 Action Hearing 1/22 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/10/2020	1/10/2020	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Senate	1/10/2020	1/10/2020	Hearing 1/22 at 1:00 p.m.

File Code

Subjects

Statutes