Legislation

Title: Corporate Tax Fairness Act of 2021
Sponsored by: Senators Pinsky, Kelley, Rosapepe, Augustine, Lam, Lee, Sydnor, and Washington
Status: In the Senate - Hearing 2/03 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; 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; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2021

History

Legislation History
Chamber Senate Calendar Date 1/22/2021 Legislative Date 1/22/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Tax Fairness Act of 2021 Proceedings
Chamber Senate Calendar Date 1/25/2021 Legislative Date 1/25/2021 Action Hearing 2/03 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/22/2021	1/22/2021	First Reading Budget and Taxation
			Text - First - Corporate Tax Fairness Act of 2021
Senate	1/25/2021	1/25/2021	Hearing 2/03 at 1:00 p.m.

File Code

Subjects

Statutes