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, 2018; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0498 Session: 2018 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber Senate Calendar Date 2/01/2019 Legislative Date 2/01/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Employee-Owned Businesses 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	2/01/2019	2/01/2019	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Employee-Owned Businesses
Senate	2/01/2019	2/01/2019	Hearing 2/20 at 1:00 p.m.

File Code

Subjects

Statutes