Legislation

Allowing a subtraction modification under the Maryland individual and corporate income tax for the fair market value of any rental agreements for equipment provided at no cost to and accepted by specified entities under specified circumstances; providing that the subtraction may not exceed $5,000 for any taxable year; applying the Act to taxable years beginning after December 31, 2016; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/20/2017 Legislative Date 1/20/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Donation of Rented Equipment Proceedings
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/27/2017 Legislative Date 2/27/2017 Action Unfavorable Report by Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/20/2017	1/20/2017	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Donation of Rented Equipment
Senate	1/25/2017	1/25/2017	Hearing 2/08 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	2/27/2017	2/27/2017	Unfavorable Report by Budget and Taxation

File Code

Subjects

Statutes