Legislation

Clarifying certain provisions of law concerning the State income tax imposed on certain pass-through entities; authorizing a pass-through entity to elect to pay that tax imposed with respect to certain shares of all members of the pass-through entity, rather than only resident members; requiring certain taxpayers to add the amount of the credit back to federal adjusted gross income to determine Maryland adjusted gross income; etc.

Committees

Original:: Budget and Taxation

Details

Emergency Bill

Cross-filed with: HB1087

Bill File Type: Regular

Effective Date(s): Upon Enactment

History

Legislation History
Chamber Senate Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Pass–Through Entities – State and Local Taxes Proceedings
Chamber Senate Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Hearing 3/03 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/16/2021 Legislative Date 2/16/2021 Action Hearing canceled Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/09/2021	2/09/2021	First Reading Budget and Taxation
			Text - First - Income Tax – Pass–Through Entities – State and Local Taxes
Senate	2/11/2021	2/11/2021	Hearing 3/03 at 1:00 p.m.
Senate	2/16/2021	2/16/2021	Hearing canceled

File Code

Subjects

Statutes