Legislation

Title: Corporate Income Tax - Rate Reduction - Allegany County and Washington County
Sponsored by: Delegates McKay, Beitzel, Buckel, Parrott, and B. Wilson
Status: In the House - Hearing 3/06 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Decreasing from 8.25% to 4% the State income tax rate on the Maryland taxable income of corporations with headquarters and base of operations in Allegany County or Washington County; providing for the application of the Act to all taxable years beginning after December 31, 2014, but before January 1, 2023; and providing for the termination of the Act.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber House Calendar Date 2/11/2015 Legislative Date 2/12/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/13/2015 Legislative Date 2/13/2015 Action Hearing 3/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/11/2015	2/12/2015	First Reading Ways and Means
House	2/13/2015	2/13/2015	Hearing 3/06 at 1:00 p.m.

Documents

Date Posted	Document Name
2/12/2015	Text - First - Corporate Income Tax - Rate Reduction - Allegany County and Washington County

File Code

Subjects

Statutes