File Code: Taxes - Income
Crossfiled with: HOUSE BILL 322
- Sponsored By:
-
Senators Greenip, Astle, Colburn, Garagiola, Hafer, Haines,
Harris, Hooper, Jacobs, Mooney, Pipkin, Schrader, and Stone
- Entitled:
-
Income Tax - Expensing of Section 179 Property
Limiting to property placed in service before January 1, 2005 the
applicability of modifications to federal adjusted gross income of an
individual or federal taxable income of a corporation for Maryland
income tax purposes to reflect the determination of the maximum
aggregate costs that a taxpayer may treat as an expense under Section
179 of the Internal Revenue Code for any taxable year without regard
to the changes made to that section by the federal Jobs and Growth
Reconciliation Act of 2003 for federal income tax purposes; etc.
Senate Action
- 1/19
- First Reading Budget and Taxation
- 1/20
- Hearing 2/2 at 1:30 p.m.
House Action
- No Action
Sponsored by:
- Senator Janet Greenip, District 33
- Senator John C. Astle, District 30
- Senator Richard F. Colburn, District 37
- Senator Rob Garagiola, District 15
- Senator John J. Hafer, District 1
- Senator Larry E. Haines, District 5
- Senator Andrew P. Harris, District 7
- Senator J. Robert Hooper, District 35
- Senator Nancy Jacobs, District 34
- Senator Alexander X. Mooney, District 3
- Senator E. J. Pipkin, District 36
- Senator Sandra B. Schrader, District 13
- Senator Norman R. Stone, Jr., District 6
Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
- EXEMPTIONS
- FEDERAL GOVERNMENT
- INCOME TAX
- PERSONAL PROPERTY
- REAL PROPERTY
Bill affects the following Statutes:
- Tax - General
- (
10-210.1 ,
10-310
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
