MD HB1007 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 33-0)
Status: Introduced on February 5 2024 - 25% progression
Action: 2024-02-06 - Hearing 2/22 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2024 - 25% progression
Action: 2024-02-06 - Hearing 2/22 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering a certain limit on the unified credit used for determining the estate tax for decedents dying on or after a certain date; altering a certain limitation on the amount of the estate tax for decedents dying on or after a certain date; requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; altering the State income tax rate on Maryland taxable income of certain individuals; etc.
Title
Fair Share for Maryland Act of 2024
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-06 | House | Hearing 2/22 at 1:00 p.m. |
| 2024-02-05 | House | First Reading Ways and Means |
Same As/Similar To
SB766 (Crossfiled) 2024-02-01 - Hearing 2/21 at 1:00 p.m.
Subjects
Business Trusts
Comptroller
Conservation
Corporations
dependents
Easements
Environmental Matters
Estate Tax
Foreign Ownership
Income Tax
inflation
Interstate Affairs
Investments
Limited Liability Companies
Livestock
Nonprofit Organizations
Partnerships
Personal Property
Residential Property
Retirement
Rules and Regulations
Tax Credits
Tax Returns
Taxes - Income
Taxes - Miscellaneous
Comptroller
Conservation
Corporations
dependents
Easements
Environmental Matters
Estate Tax
Foreign Ownership
Income Tax
inflation
Interstate Affairs
Investments
Limited Liability Companies
Livestock
Nonprofit Organizations
Partnerships
Personal Property
Residential Property
Retirement
Rules and Regulations
Tax Credits
Tax Returns
Taxes - Income
Taxes - Miscellaneous
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 102.2 | (n/a) | See Bill Text |
| Tax - General | 10 | 105 | (n/a) | See Bill Text |
| Tax - General | 10 | 402 | (n/a) | See Bill Text |
| Tax - General | 10 | 402.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 704 | (n/a) | See Bill Text |
| Tax - General | 10 | 751 | (n/a) | See Bill Text |
| Tax - General | 10 | 811 | (n/a) | See Bill Text |
| Tax - General | 7 | 309 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1007?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1007f.pdf |
