MD HB295 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 25-0)
Status: Introduced on January 20 2020 - 25% progression
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.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Corporate Income Tax - Combined Reporting

Sponsors


History

DateChamberAction
2020-01-29HouseHearing 2/12 at 1:00 p.m.
2020-01-29HouseHearing canceled
2020-01-24HouseHearing 2/13 at 1:00 p.m.
2020-01-20HouseFirst Reading Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10402.1(n/a)See Bill Text
Tax - General10811(n/a)See Bill Text
Tax - General2613.1(n/a)See Bill Text
Tax - General2614(n/a)See Bill Text
Tax - General2615(n/a)See Bill Text

Maryland State Sources


Bill Comments

feedback