MD HB445 | 2015 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 9 2015 - 25% progression, died in committee
Action: 2015-03-06 - Hearing 3/06 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2015 - 25% progression, died in committee
Action: 2015-03-06 - Hearing 3/06 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the State income tax for 50% of the business income received by the owner of a small business; providing that the subtraction may not exceed $50,000 for all of the owners of a small business; authorizing the owners of a small business to allocate the subtraction modification in any manner; applying the Act to taxable years beginning after December 31, 2014; etc.
Title
Opportunity Bracket for Small Business
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-06 | House | Hearing 3/06 at 1:00 p.m. |
| 2015-02-09 | House | First Reading Ways and Means |
