Legislation

Imposing a tax of 17% on the Maryland taxable income attributable to certain investment management services of an individual or a corporation or the distributive share of a pass-through entity; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; terminating the Act if certain federal legislation is enacted into law; 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: HB0439

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/16/2020 Legislative Date 1/16/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Carried Interest - Additional Tax Proceedings
Chamber Senate Calendar Date 1/20/2020 Legislative Date 1/20/2020 Action Hearing 1/29 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/16/2020	1/16/2020	First Reading Budget and Taxation
			Text - First - Income Tax - Carried Interest - Additional Tax
Senate	1/20/2020	1/20/2020	Hearing 1/29 at 1:00 p.m.

File Code

Subjects

Statutes