EMERGENCY BILL
File Code: Taxes - Income
- Sponsored By:
-
Senator Madaleno
- Entitled:
-
Income Tax - Net Operating Loss Deductions - Loss from Criminal Fraud or
Embezzlement
Providing that a Maryland income tax provision requiring addition or
subtraction modifications to federal adjusted gross income to
determine Maryland adjusted gross income of an individual without
regard to the special net operating loss carryback period provided
under � 172(b)(1)(H) of the Internal Revenue Code is not applicable to
net operating losses covered under I.R.S. Revenue Ruling 2009-9 and
substantiated under I.R.S. Revenue Procedure 2009-20; making the Act
an emergency measure; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 3/24
- First Reading Senate Rules
- Motion Rules Suspended for late introduction (Senator Madaleno) Adopted
- Referred Senate Rules
House Action
- No Action
Bill indexed under the following Subjects:
- Crimes and Punishments -see also- Penalties; Sentences; etc.
- Exemptions
- Fraud -see also- Forgery
- Income Tax
- Investments -see also- Securities
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Not available at this time
- Amendments:
None offered
