Legislation

Title: Income Tax - Carried Interest - Additional Tax
Sponsored by: Senators Pinsky, Ferguson, Kagan, Manno, Ramirez, Rosapepe, and Smith
Status: In the Senate - Hearing 2/28 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Imposing a tax of 19% on the Maryland taxable income, attributable to specified 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; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0915

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 2/02/2017 Legislative Date 2/02/2017 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 2/08/2017 Legislative Date 2/08/2017 Action Hearing 2/28 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/02/2017	2/02/2017	First Reading Budget and Taxation
			Text - First - Income Tax - Carried Interest - Additional Tax
Senate	2/08/2017	2/08/2017	Hearing 2/28 at 1:00 p.m.

File Code

Subjects

Statutes