Legislation

Requiring affiliated 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 the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; 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, 2024

History

Legislation History
Chamber Senate Calendar Date 2/06/2023 Legislative Date 2/06/2023 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 2/07/2023 Legislative Date 2/07/2023 Action Hearing 3/07 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/06/2023	2/06/2023	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Combined Reporting
Senate	2/07/2023	2/07/2023	Hearing 3/07 at 1:00 p.m.

File Code

Subjects

Statutes