Legislation

Title: Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Sponsored by: Senators Guzzone, King, Peters, and Zucker
Status: In the House - Unfavorable Report by Ways and Means
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain corporation's deferred tax assets or liabilities that are the result of Chapters 341 and 342 of the Acts of the General Assembly of 2018; providing for the calculation of the amount of the subtraction modification; providing that the subtraction modification may be claimed only for 10 consecutive taxable years beginning with the first taxable year that begins after December 31, 2028; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief Proceedings
Chamber Senate Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action Hearing 2/26 at 2:00 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 3/06/2019 Legislative Date 3/06/2019 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/07/2019 Legislative Date 3/07/2019 Action Favorable with Amendments {869837/1 Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/07/2019 Legislative Date 3/07/2019 Action Second Reading Passed with Amendments Proceedings 41 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief Proceedings
Chamber Senate Calendar Date 3/11/2019 Legislative Date 3/11/2019 Action Third Reading Passed (43-3) Proceedings 43 Click to view Recorded Media
Chamber House Calendar Date 3/12/2019 Legislative Date 3/09/2019 Action Referred Ways and Means Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/18/2019 Legislative Date 3/18/2019 Action Hearing 3/27 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/28/2019 Legislative Date 3/28/2019 Action Unfavorable Report by Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Senate	2/06/2019	2/06/2019	Hearing 2/26 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/06/2019	3/06/2019	Favorable with Amendments Report by Budget and Taxation
Senate	3/07/2019	3/07/2019	Favorable with Amendments {869837/1 Adopted	41 Click to view Recorded Media
Senate	3/07/2019	3/07/2019	Second Reading Passed with Amendments	41 Click to view Recorded Media
			Text - Third - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Senate	3/11/2019	3/11/2019	Third Reading Passed (43-3)	43 Click to view Recorded Media
House	3/12/2019	3/09/2019	Referred Ways and Means	44 Click to view Recorded Media
House	3/18/2019	3/18/2019	Hearing 3/27 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/28/2019	3/28/2019	Unfavorable Report by Ways and Means

File Code

Subjects

Statutes