Legislation

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, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0498

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/05/2018 Legislative Date 2/05/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Employee-Owned Businesses Proceedings
Chamber House Calendar Date 2/08/2018 Legislative Date 2/08/2018 Action Hearing 2/28 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/05/2018	2/05/2018	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - Employee-Owned Businesses
House	2/08/2018	2/08/2018	Hearing 2/28 at 1:00 p.m.

File Code

Subjects

Statutes