File Code: Taxes - Income
- Sponsored By:
-
Senators Grosfeld, Britt, Frosh, Garagiola, Giannetti, Gladden,
Jones, Pinsky, and Teitelbaum
- Entitled:
-
Sport Utility Vehicle (SUV) Business Tax Loophole Closure Act
Providing 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 depreciation
deductions with respect to a heavy duty SUV, as defined, as if the
heavy duty SUV were subject to the limitations on depreciation under {
280F of the Internal Revenue Code; and applying the Act to tax years
after 2003.
Senate Action
- 1/28
- First Reading Budget and Taxation
- 2/25
- Hearing 3/10 at 1:00 p.m.
House Action
- No Action
- Sponsored by:
- Senator Sharon M. Grosfeld, District 18
- Senator Gwendolyn Britt, District 47
- Senator Brian E. Frosh, District 16
- Senator Rob Garagiola, District 15
- Senator John A. Giannetti, Jr., District 21
- Senator Lisa A. Gladden, District 41
- Senator Verna L. Jones, District 44
- Senator Paul G. Pinsky, District 22
- Senator Leonard H. Teitelbaum, District 19
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.
- Bill affects the following Statutes:
- Tax - General
- (
10-210.1 ,
10-310
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
