MD HB741 | 2023 | Regular Session
Note: Carry Foward to future HB1282
Note: Carry Over of previous HB869
Note: Carry Over of previous HB869
Status
Spectrum: Partisan Bill (Republican 33-0)
Status: Introduced on February 8 2023 - 25% progression, died in committee
Action: 2023-02-08 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 8 2023 - 25% progression, died in committee
Action: 2023-02-08 - Hearing 2/23 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Decreasing, over 5 taxable years, the State corporate income tax rate from 8.25% to 6.25%.
Title
Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2023)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-08 | House | Hearing 2/23 at 1:00 p.m. |
| 2023-02-08 | House | First Reading Ways and Means |
Same As/Similar To
HB741 (Carry Over) 2023-02-08 - Hearing 2/23 at 1:00 p.m.
HB869 (Carry Over) 2020-03-11 - Unfavorable Report by Ways and Means
HB869 (Carry Over) 2020-03-11 - Unfavorable Report by Ways and Means
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 105 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0741?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0741f.pdf |
