Legislation

Title: Income Tax - Expensing of Business Property - Recoupling With Federal Law
Sponsored by: Senators West and Hester
Status: In the Senate - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Repealing Maryland income tax modifications for certain deductions for the cost of business property that is treated as an expense for federal income tax purposes; and applying the Act to all taxable years beginning after December 31, 2021.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0841

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/04/2022 Legislative Date 2/04/2022 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/05/2022 Legislative Date 2/05/2022 Action Hearing 3/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Expensing of Business Property - Recoupling With Federal Law Proceedings
Chamber Senate Calendar Date 3/14/2022 Legislative Date 3/14/2022 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/04/2022	2/04/2022	First Reading Budget and Taxation
Senate	2/05/2022	2/05/2022	Hearing 3/02 at 1:00 p.m.
			Text - First - Income Tax - Expensing of Business Property - Recoupling With Federal Law
Senate	3/14/2022	3/14/2022	Withdrawn by Sponsor

File Code

Subjects

Statutes