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Legislation


2004 Regular Session

HOUSE BILL 297

CHAPTER NUMBER: 556 File Code: Taxes - Income Crossfiled with: SENATE BILL 187
Sponsored By:
The Speaker and the Minority Leader (By Request - Administration)
Entitled:
Office of the Comptroller - Tax Compliance - Holding Companies

Synopsis:

Authorizing the Comptroller to allocate income, deductions, credits, or allowances between and among two or more organizations under specified circumstances; requiring specified interest expenses and specified intangible expenses to be added to federal taxable income for the purpose of determining Maryland modified income under specified circumstances; allowing a subtraction modification for specified royalties, interest, or similar income from intangibles under specified circumstances; etc.

History by Legislative Date

House Action
1/27
First Reading Ways and Means
2/11
Hearing 2/25 at 1:00 p.m.
3/18
Favorable with Amendments Report by Ways and Means
3/19
Favorable with Amendments Report Adopted
Motion Special Order 3/23 (Delegate O'Donnell)
Special Order 3/22 (Delegate O'Donnell) Adopted
3/22
Floor Amendment (Delegate O'Donnell) Rejected (49-88)
Second Reading Passed with Amendments
3/23
Third Reading Passed (97-42)
4/4
House Refuses to Concur - Senate Amendments
House Requests Senate Recede
Conference Committee Appointed ...
Delegates Healey, King, and Cardin
4/7
Special Order after Third Reading calendar (Delegate O'Donnell) Adopted
Conference Committee Report Adopted
Third Reading Passed (109-30)
4/9
Passed Enrolled
5/29
Became Law without Governor's signature per MD Constitution - Chapter 556
Senate Action
3/25
First Reading Budget and Taxation
3/29
Favorable with Amendments Report by Budget and Taxation
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed with Amendments (38-9)
4/7
Senate Refuses to Recede
Conference Committee Appointed ...
Senators Currie, DeGrange, and Hogan
4/9
Conference Committee Report Adopted
Third Reading Passed (37-10)
Sponsored by:
Speaker of the House of Delegates
Administration
Minority Leader, House
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
COPYRIGHT
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
EXEMPTIONS
INCOME TAX
INTEREST
INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE
INTERSTATE AFFAIRS
PENALTIES
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Tax - General
( 10-109 , 10-306.1 , 10-804 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 223427/01 (PDF)     Offered on: March 22, 2004   at: 8:33 p.m.     Status: Rejected
Number: 665360/01 (PDF)     Offered on: March 19, 2004   at: 12:35 p.m.     Status: Adopted
Senate
Number: 589431/01 (PDF)     Offered on: March 30, 2004   at: 5:35 p.m.     Status: Adopted
Conference Committee Documents::
Report Number: 873920/01 (PDF)     Offered on: April 12, 2004   at: 1:12 p.m.     Status: Adopted
Amendment Number: 643529/01 (PDF)     Offered on: April 12, 2004   at: 1:12 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 22, 2004: Floor Amendment (ODonnell) {223427/1 Rejected (49-88)
March 23, 2004: Third Reading Passed (97-42)
April 7, 2004: Third Reading Passed (109-30)
Senate
March 31, 2004: Third Reading Passed (38-9)
April 9, 2004: Third Reading Passed (37-10)
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