Legislation

Title: Corporate Income Tax - Combined Reporting
Sponsored by: Senators Pinsky, Elfreth, Guzzone, Kelley, Lam, Lee, Nathan-Pulliam, Rosapepe, Smith, Washington, and Young
Status: In the Senate - Hearing 2/20 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring certain corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using a certain method; requiring, subject to regulations adopted by the Comptroller, certain groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to adopt certain regulations; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber Senate Calendar Date 1/31/2019 Legislative Date 1/31/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Combined Reporting Proceedings
Chamber Senate Calendar Date 2/01/2019 Legislative Date 2/01/2019 Action Hearing 2/20 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/31/2019	1/31/2019	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Combined Reporting
Senate	2/01/2019	2/01/2019	Hearing 2/20 at 1:00 p.m.

File Code

Subjects

Statutes