Passed BothConf. Cmte
- Corporate Income Tax - Combined Reporting
- Sponsored by
- Senators Pinsky, Elfreth, Guzzone, Kelley, Lam, Lee, Nathan-Pulliam, Rosapepe, Smith, Washington, and Young
- In the Senate - Hearing 2/20 at 1:00 p.m.
- Fiscal and Policy Note
Requiring certain 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 a certain method; requiring, subject to regulations adopted by the Comptroller, certain groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to adopt certain regulations; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2019
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( 10-402.1, 10-402.2, 10-811 )
Last Updated: 2/3/2020 2:33 PM