Legislation

Title: Income Tax - Expensing of Business Property and Bonus Depreciation - Recoupling With Federal Law
Sponsored by: Delegates Morgan, Anderton, Aumann, Buckel, Cassilly, Clark, Folden, Ghrist, S. Howard, Impallaria, Malone, McComas, Metzgar, W. Miller, Otto, Parrott, Reilly, Rey, Saab, West, and Wivell
Status: In the House - Hearing 3/01 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Repealing Maryland income tax modifications for specified deductions for the cost of business property that is treated as an expense for federal income tax purposes; repealing Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified business property; and applying the Act to all taxable years beginning after December 31, 2016.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Introduced in a prior session as: HB0424 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 2/06/2017 Legislative Date 2/06/2017 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Expensing of Business Property and Bonus Depreciation - Recoupling With Federal Law Proceedings
Chamber House Calendar Date 2/14/2017 Legislative Date 2/14/2017 Action Hearing 3/01 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/06/2017	2/06/2017	First Reading Ways and Means
			Text - First - Income Tax - Expensing of Business Property and Bonus Depreciation - Recoupling With Federal Law
House	2/14/2017	2/14/2017	Hearing 3/01 at 1:00 p.m.

File Code

Subjects

Statutes