MD HB337 | 2023 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 17)
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2023-01-25 - Hearing 2/09 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2023-01-25 - Hearing 2/09 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Providing for an additional State individual income tax rate on the net capital gains of individuals; providing addition modifications under the Maryland income tax for certain deductions for foreign income under the Internal Revenue Code; altering a certain addition modification for certain corporate interest expenses and intangible expenses; altering a certain subtraction modification for certain dividends from a foreign corporation to preclude inclusion of certain income treated as dividends under the Internal Revenue Code; etc.
Title
Income Tax – Capital Gains, Dividends, and Foreign–Derived Intangible Income – Alterations (Investing in Marylanders Act of 2023)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-25 | House | Hearing 2/09 at 1:00 p.m. |
| 2023-01-25 | House | First Reading Ways and Means |
Subjects
Animals
Comptroller
Corporations
Easements
Exemptions
Foreign Trade
Housing
Income Tax
Interest
Nonprofit Organizations
Real Estate Investment Trusts
Residential Property
Retirement
Tax Credits
Taxes - Income
Comptroller
Corporations
Easements
Exemptions
Foreign Trade
Housing
Income Tax
Interest
Nonprofit Organizations
Real Estate Investment Trusts
Residential Property
Retirement
Tax Credits
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 105 | (n/a) | See Bill Text |
| Tax - General | 10 | 204 | (n/a) | See Bill Text |
| Tax - General | 10 | 305 | (n/a) | See Bill Text |
| Tax - General | 10 | 306.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 307 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0337?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0337f.pdf |
