Maryland House Bill 581 (Prior Session Legislation)

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Sponsorship: Strong Partisan Bill (Republican 14-1)
Status: Introduced on February 6 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 2/21 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for specified deductions for the cost of the property that is treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified property; and applying the Act to taxable years ending after December 31, 2011.

Income Tax - Expensing of Business Property and Bonus Depreciation

Del. Kathy Afzali [R]	Del. Susan Aumann [R]	Sen. Gail Bates [R]	Del. Donald Elliott [R]
Del. William Frank [R]	Del. Ronald George [R]	Del. Glen Glass [R]	Del. Patrick Hogan [R]
Del. Susan Krebs [R]	Del. Susan McComas [R]	Del. Neil Parrott [R]	Sen. Justin Ready [R]
Del. Nancy Stocksdale [R]	Del. Cathleen Vitale [R]	Del. John Wood [D]

Date	Chamber	Action
2012-02-08		Hearing 2/21 at 1:00 p.m.
2012-02-06		First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB0581.htm
Text	http://mlis.state.md.us/2012rs/bills/hb/hb0581f.pdf