Passed BothConf. Cmte
- Corporate Income Tax - Throwback Rule and Combined Reporting
- Sponsored by
- Delegates Lehman, Palakovich Carr, R. Lewis, Moon, Ruth, and Stewart
- In the House - Hearing 2/09 at 1:00 p.m.
- Fiscal and Policy Note
Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2022, July 1, 2023
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( 10-311, 10-402, 10-402.1, 10-811 )
Last Updated: 7/8/2022 2:17 PM