MD HB850 | 2013 | Regular Session
Status
Spectrum: Strong Partisan Bill (Republican 17-1)
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2012; etc.
Title
Corporate Income Tax - Investments in Maryland
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-03-12 | House | Hearing 3/12 at 1:00 p.m. |
2013-02-07 | House | First Reading Ways and Means |