Passed BothConf. Cmte
- Income Tax - Subtraction Modification - Employee-Owned Businesses
- Sponsored by
- Delegate Korman
- In the House - Hearing 2/09 at 1:00 p.m.
- Fiscal and Policy Note
Allowing a subtraction modification under the State income tax for income from a qualified transfer of stock or membership interest of a Maryland corporation or limited liability company to certain employee ownership entities; limiting the amount of the subtraction if the transfer is to a direct share ownership plan; applying the Act to taxable years beginning after December 31, 2021; etc.
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( 10-207, 10-307 )
Last Updated: 7/8/2022 2:16 PM