Passed BothConf. Cmte
- Income Tax - Pass-Through Entity - Additional Tax
- Sponsored by
- Delegate Palakovich Carr
- In the House - Hearing 1/28 at 1:30 p.m.
- Fiscal and Policy Note
Imposing a State income tax on income distributed to certain members of certain pass-through entities from the pass-through entity's taxable income exceeding $1,000,000; providing that the tax does not apply to the income of a pass-through entity that is a sole proprietorship or has implemented a certain employee stock ownership plan; applying the Act to taxable years beginning after December 31, 2020; etc.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2021
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( 10-102.1, 10-102.2, 10-701.1 )
Last Updated: 4/1/2021 4:34 PM