MD HB295 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 25-0)
Status: Introduced on January 20 2020 - 25% progression, died in committee
Action: 2020-01-29 - Hearing 2/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 20 2020 - 25% progression, died in committee
Action: 2020-01-29 - Hearing 2/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; requiring the Comptroller to report by March 1 of each year an estimate of the total additional tax revenue from corporations to be collected in the next fiscal year as a result of the combined reporting method; requiring the Comptroller to distribute certain revenue from corporations to The Blueprint for Maryland's Future Fund; etc.
Title
Corporate Income Tax - Combined Reporting
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-29 | House | Hearing 2/12 at 1:00 p.m. |
| 2020-01-29 | House | Hearing canceled |
| 2020-01-24 | House | Hearing 2/13 at 1:00 p.m. |
| 2020-01-20 | House | First Reading Ways and Means |
Subjects
Appropriations
Commerce and Business
Committees and Commissions
Comptroller
Corporations
Education
Income Tax
Reports
Revenue and Taxes
Rules and Regulations
Tax Preparers
Tax Returns
Taxes - Income
Time
Commerce and Business
Committees and Commissions
Comptroller
Corporations
Education
Income Tax
Reports
Revenue and Taxes
Rules and Regulations
Tax Preparers
Tax Returns
Taxes - Income
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 402.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 811 | (n/a) | See Bill Text |
| Tax - General | 2 | 613.1 | (n/a) | See Bill Text |
| Tax - General | 2 | 614 | (n/a) | See Bill Text |
| Tax - General | 2 | 615 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0295?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb0295f.pdf |
