HOUSE BILL 584

Sponsored By:

Delegates Ross, Hucker, Ali, Barnes, Benson, Carr, Holmes, Ivey, Kaiser, Manno, Mizeur, Niemann, Pena-Melnyk, Ramirez, Valderrama, and Waldstreicher

Entitled:

Corporate Income Tax - Combined Reporting

Synopsis:

Providing for combined reporting under the corporate income tax for members of combined groups; altering specified requirements that specified corporations file specified statements with the Comptroller; providing for the filing of combined income tax returns reflecting the tax liability of all of the members of specified affiliated groups of corporations under specified circumstances; requiring the Comptroller to adopt regulations; applying the Act to taxable years after 2009; etc.

History by Legislative and Calendar Date

House Action

2/3

First Reading Ways and Means

Hearing 2/25 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Justin D. Ross, District 22

Delegate Saqib Ali, District 39

Delegate Ben Barnes, District 21

Delegate Joanne C. Benson, District 24

Delegate Alfred C. Carr, Jr., District 18

Delegate Marvin E. Holmes, Jr., District 23B

Delegate Tom Hucker, District 20

Delegate Jolene Ivey, District 47

Delegate Anne R. Kaiser, District 14

Delegate Roger P. Manno, District 19

Delegate Heather R. Mizeur, District 20

Delegate Doyle L. Niemann, District 47

Delegate Joseline A. Pena-Melnyk, District 21

Delegate Victor R. Ramirez, District 47

Delegate Kriselda Valderrama, District 26

Delegate Jeff Waldstreicher, District 18

Bill indexed under the following Subjects:

Comptroller

Corporations -see also- Municipal Corps; Public Corps & Inst

Income Tax

Interstate Affairs

Reports

Rules and Regulations

Bill affects the following Statutes:

Tax - General

( 10-402.1 , 10-804.1 , 10-811 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered