CHAPTER NUMBER: 142
File Code: Taxes - Income
Crossfiled with: HOUSE BILL 638
- Sponsored By:
-
Senators Miller, Currie, DeGrange, Hogan, Kasemeyer, Kramer,
Lawlah, and McFadden
- Entitled:
-
Income Tax - Corporations - Payments to Related Entities - Foreign
Taxes
Providing that specified taxes imposed by specified foreign nations be
taken into account for purposes of specified exceptions to a
requirement that otherwise deductible interest expenses and intangible
expenses paid by a corporation to related entities be added to the
federal taxable income to determine Maryland modified income under
specified circumstances; and applying the Act to tax years after 2004.
Senate Action
- 2/1
- First Reading Budget and Taxation
- 2/16
- Hearing 2/23 at 1:00 p.m.
- 3/7
- Favorable Report by Budget and Taxation
- Favorable Report Adopted
- Second Reading Passed
- 3/9
- Third Reading Passed (46-0)
- 4/7
- Returned Passed
House Action
- 3/10
- First Reading Ways and Means
- 3/30
- Hearing 4/6 at 1:00 p.m.
- 4/7
- Favorable Report by Ways and Means
- 4/2
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (125-9)
Action after passage in Senate and House
- 4/26
- Signed by the Governor Chapter 142
Sponsored by:
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator Ulysses Currie, District 25
- Senator James E. DeGrange, Sr., District 32
- Senator Patrick J. Hogan, District 39
- Senator Edward J. Kasemeyer, District 12
- Senator Rona E. Kramer, District 14
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EXEMPTIONS
- FEDERAL GOVERNMENT
- INCOME TAX
- INTEREST
- INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
Bill affects the following Statute:
- Tax - General
- (
10-306.1
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
- Roll Call Votes (Legislative dates are shown):
Senate
- March 9, 2005: Third Reading Passed (46-0)
House
- April 4, 2005: Third Reading Passed (125-9)
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