MD HB128 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-02-01 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 23 2012 - 25% progression, died in committee
Action: 2012-02-01 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifying the definition of federal adjusted gross income as it relates to specified fiduciaries to include the amount of income of an electing small business trust consisting of stock of one or more S corporations that is subject to specified taxing rules; providing for the application of the Act to all taxable years beginning after December 31, 2011; etc.
Title
Taxes - Electing Small Business Trusts State Tax Loophole Elimination Act
Sponsors
| Del. Sam Arora [D] | Del. Kumar Barve [D] | Del. Elizabeth Bobo [D] | Sen. Brian Feldman [D] |
| Sen. Mary Washington [D] | Sen. Craig Zucker [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-01 | Hearing 2/14 at 1:00 p.m. | |
| 2012-01-26 | Hearing cancelled | |
| 2012-01-25 | Hearing 1/31 at 11:00 a.m. | |
| 2012-01-23 | First Reading Ways and Means |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB0128.htm |
| Text | http://mlis.state.md.us/2012rs/bills/hb/hb0128f.pdf |
