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Legislation


2007 Regular Session

HOUSE BILL 1257

File Code: Taxes - Income Crossfiled with: SENATE BILL 945
Sponsored By:
Delegates Hixson, Barve, Doory, Howard, N. King, McKee, Bartlett, Cardin, Gilchrist, Ivey, Kaiser, Rice, Ross, Stukes, F. Turner, and Walker
Entitled:
Income Tax - Captive Real Estate Investment Trusts

Synopsis:

Requiring that the dividends paid deduction be added back to federal taxable income to determine Maryland modified income of specified real estate investment trusts (REITs), as defined; applying the Act to tax years after December 31, 2006; etc.

History by Legislative and Calendar Date

House Action
2/22
First Reading House Rules and Executive Nominations
3/5
Re-referred Ways and Means
3/7
Hearing 3/21 at 1:00 p.m.
3/23
Favorable with Amendments Report by Ways and Means
3/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (137-0)
4/6
Returned Passed
Senate Action
3/23
First Reading Budget and Taxation
4/9
Favorable Report by Budget and Taxation
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (42-5)
Action after passage in House and Senate
5/17
Approved by the Governor
- Chapter 584

Sponsored by:

Delegate Sheila E. Hixson, District 20
Delegate Joseph R. Bartlett, District 4A
Delegate Kumar P. Barve, District 17
Delegate Jon S. Cardin, District 11
Delegate Ann Marie Doory, District 43
Delegate Jim Gilchrist, District 17
Delegate Carolyn J. B. Howard, District 24
Delegate Jolene Ivey, District 47
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Robert A. McKee, District 2A
Delegate Craig L. Rice, District 15
Delegate Justin D. Ross, District 22
Delegate Melvin Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Exemptions
Income Tax
Real Estate Investment Trusts

Bill affects the following Statute:

Tax - General
( 10-306.2 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Attorney General Letter (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 645664/01     Offered on: March 23, 2007   at: 12:02 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 21, 2007: Third Reading Passed (137-0)
Senate
April 4, 2007: Third Reading Passed (42-5)
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