File Code: Taxes - Income
Prior Year Introduction As:
SB 395/07 - B&T
- Sponsored By:
-
Senators Pinsky, Conway, Della, Frosh, Harrington, Lenett, Madaleno, and
Raskin
- Entitled:
-
Income Tax - Corporations - Denial of Deduction for Excessive Compensation of
Officers and Directors
Providing 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 25 times the annual salary,
wages, or other compensation for personal services of the lowest paid
full-time employee; applying the Act to tax years after 2008; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/4
- First Reading Budget and Taxation
- 2/11
- Hearing 2/25 at 1:00 p.m.
- 3/2
- Unfavorable Report by Budget and Taxation
House Action
- No Action
Sponsored by:
- Senator Paul G. Pinsky, District 22
- Senator Joan Carter Conway, District 43
- Senator George W. Della, Jr., District 46
- Senator Brian E. Frosh, District 16
- Senator David C. Harrington, District 47
- Senator Mike Lenett, District 19
- Senator Richard S. Madaleno, Jr., District 18
- Senator Jamie Raskin, District 20
Bill indexed under the following Subjects:
- Corporations -see also- Municipal Corps; Public Corps & Inst
- Exemptions
- Income Tax
- Salaries -see also- Overtime; Reimbursement Rates
Bill affects the following Statutes:
- Tax - General
- (
10-305 ,
10-305
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
