Legislation

Title: Income Tax – Capital Gains, Dividends, and Foreign–Derived Intangible Income – Alterations (Investing in Marylanders Act of 2023)
Sponsored by: Delegates Palakovich Carr, Charkoudian, Cullison, Ebersole, Grossman, Hill, Ivey, Lehman, R. Lewis, McCaskill, Moon, Ruth, Stewart, Terrasa, Washington, Wells, and Wilkins
Status: In the House - Hearing 2/09 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing for an additional State individual income tax rate on the net capital gains of individuals; providing addition modifications under the Maryland income tax for certain deductions for foreign income under the Internal Revenue Code; altering a certain addition modification for certain corporate interest expenses and intangible expenses; altering a certain subtraction modification for certain dividends from a foreign corporation to preclude inclusion of certain income treated as dividends under the Internal Revenue Code; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

History

Legislation History
Chamber House Calendar Date 1/25/2023 Legislative Date 1/25/2023 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/25/2023 Legislative Date 1/25/2023 Action Hearing 2/09 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Capital Gains, Dividends, and Foreign–Derived Intangible Income – Alterations (Investing in Marylanders Act of 2023) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/25/2023	1/25/2023	First Reading Ways and Means
House	1/25/2023	1/25/2023	Hearing 2/09 at 1:00 p.m.
			Text - First - Income Tax – Capital Gains, Dividends, and Foreign–Derived Intangible Income – Alterations (Investing in Marylanders Act of 2023)

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Subjects

Statutes