Legislation

Title: Income Tax - Carried Interest - Additional Tax
Sponsored by: Senators Pinsky, Smith, Kelley, Lam, Young, Rosapepe, and Washington
Status: In the Senate - Hearing 2/09 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Imposing a tax of 17% on the Maryland taxable income attributable to certain investment management services of an individual or a corporation or the distributive share of a pass-through entity; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; and terminating the Act if certain federal legislation is enacted into law.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: SB0288 Session: 2021 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 1/21/2022 Legislative Date 1/21/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Carried Interest - Additional Tax Proceedings
Chamber Senate Calendar Date 1/26/2022 Legislative Date 1/26/2022 Action Hearing 2/09 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/21/2022	1/21/2022	First Reading Budget and Taxation
			Text - First - Income Tax - Carried Interest - Additional Tax
Senate	1/26/2022	1/26/2022	Hearing 2/09 at 1:00 p.m.

File Code

Subjects

Statutes