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 for the calculation of the tax; 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, 2020; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0288

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

Contingency - on a contingency described in Sec. 2 of the bill

History

Legislation History
Chamber House Calendar Date 10/30/2020 Legislative Date 10/30/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:00 p.m. Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing canceled Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Carried Interest - Additional Tax Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	10/30/2020	10/30/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Ways and Means
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:00 p.m.
House	12/22/2020	12/22/2020	Hearing canceled
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:30 p.m.
			Text - First - Income Tax - Carried Interest - Additional Tax

File Code

Subjects

Statutes