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, 2017; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0876

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 1/29/2018 Legislative Date 1/29/2018 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 1/31/2018 Legislative Date 1/31/2018 Action Hearing 2/21 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/29/2018	1/29/2018	First Reading Budget and Taxation
			Text - First - Income Tax - Subtraction Modification - Employee-Owned Businesses
Senate	1/31/2018	1/31/2018	Hearing 2/21 at 1:00 p.m.

File Code

Subjects

Statutes