Legislation

Title: Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Sponsored by: Senator Guzzone
Status: In the Senate - Hearing 2/23 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain corporation's deferred tax assets or liabilities that are the result of Chapters 341 and 342 of the Acts of the General Assembly of 2018; providing that the subtraction modification may be claimed only for 10 consecutive taxable years beginning with the first taxable year that begins after December 31, 2031; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0321

Introduced in a prior session as: SB0458 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/02/2022 Legislative Date 2/02/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief Proceedings
Chamber Senate Calendar Date 2/03/2022 Legislative Date 2/03/2022 Action Hearing 2/23 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/02/2022	2/02/2022	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Senate	2/03/2022	2/03/2022	Hearing 2/23 at 1:00 p.m.

File Code

Subjects

Statutes