HOUSE BILL 55

Sponsored By:

Delegate Hucker

Entitled:

Business Organization Filing Fees - Income Tax Credit

Synopsis:

Increasing from $300 to $1,000 the filing fee for annual reports filed by specified corporations; providing a credit against the State income tax for specified amounts of the filing fee paid for filing annual reports under specified circumstances; allowing unused credit to be carried forward under specified circumstances; applying the Act to fees paid for annual reports filed after December 31, 2007, and taxable years beginning after December 31, 2007; etc.

History by Legislative and Calendar Date

House Action

10/30

First Reading Ways and Means

11/2

Hearing 11/3 at 10:00 a.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Banks and Trust Companies

Business Trusts

Corporations -see also- Municipal Corps; Public Corps & Inst

Credit Unions

Fees -see also- Devt Fees and Taxes; Reimbursement Rates

Financial Institutions -see also- Banks; Credit Unions; etc.

Income Tax

Limited Liability Companies

Partnerships

Real Estate Investment Trusts

Reports

Savings and Loan Associations

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Corporations and Associations

( 1-203 , 1-203 )

Tax - General

( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered