MD HB46 | 2023 | Regular Session
Note: Carry Over of previous HB457
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-16 - Hearing 2/02 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-16 - Hearing 2/02 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; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; etc.
Title
Corporate Income Tax - Combined Reporting
Sponsors
| Del. Mary Lehman [D] | Del. Terri Hill [D] | Del. Julie Palakovich Carr [D] | Del. Joseline Pena-Melnyk [D] |
| Del. Sheila Ruth [D] | Del. Jared Solomon [D] | Del. Jen Terrasa [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-16 | House | Hearing 2/02 at 1:00 p.m. |
| 2023-01-11 | House | First Reading Ways and Means |
| 2022-08-05 | House | Pre-filed |
Same As/Similar To
HB457 (Carry Over) 2022-01-26 - Hearing 2/09 at 1:00 p.m.
Subjects
Comptroller
Corporations
Exemptions
Foreign Trade
Income Tax
Partnerships
Rules and Regulations
Tax Returns
Taxes - Income
Corporations
Exemptions
Foreign Trade
Income Tax
Partnerships
Rules and Regulations
Tax Returns
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 311 | (n/a) | See Bill Text |
| Tax - General | 10 | 402.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 811 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0046?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0046f.pdf |
