Passed BothConf. Cmte
- Income Tax - Expensing of Business Property - Recoupling With Federal Law (Maryland Manufacturing Tax Relief Act of 2022)
- Sponsored by
- Delegates Qi, Hornberger, Kittleman, Queen, and Walker
- In the House - Hearing 2/23 at 1:00 p.m.
- Fiscal and Policy Note
Repealing Maryland income tax modifications for certain deductions for the cost of business property that is treated as an expense for federal income tax purposes; and applying the Act to all taxable years beginning after December 31, 2021.
Bill File Type: Regular
Effective Date(s): July 1, 2022
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( 10-210.1, 10-310 )
Last Updated: 7/8/2022 2:27 PM