File Code: Taxes - Income
Prior Year Introduction As: SB 691/97 - B&T
- Sponsored By:
-
Senator Pinsky
- Entitled:
-
Income Tax - Corporations - Denial of Deduction for Excessive
Compensation of Officers and Directors
Establishing an addition modification under the Maryland corporate
income tax for the amount of salary, wages, or other compensation for
personal services paid or incurred by a corporation to an officer or
director of the corporation in excess of 20 times the annual salary,
wages, or other compensation for personal services of the lowest paid
full-time employee; and applying the Act to all taxable years
beginning after December 31, 2001.
Senate Action
- 2/27
- First Reading Senate Rules
- 3/14
- Re-referred Budget and Taxation
- 3/15
- Hearing 3/19 at 1:30 p.m.
- 3/21
- Withdrawn
House Action
- No Action
- Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- EXEMPTIONS
- INCOME TAX
- SALARIES -see also- OVERTIME
- Bill affects the following Statutes:
- Tax - General
- (
10-305 ,
10-305
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
