MD HB869 | 2020 | Regular Session
Note: Carry Foward to future HB741
Status
Spectrum: Partisan Bill (Republican 21-0)
Status: Introduced on February 3 2020 - 25% progression, died in chamber
Action: 2020-03-11 - Unfavorable Report by Ways and Means
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2020 - 25% progression, died in chamber
Action: 2020-03-11 - Unfavorable Report by Ways and Means
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
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-11 | House | Unfavorable Report by Ways and Means |
| 2020-02-06 | House | Hearing 2/25 at 1:00 p.m. |
| 2020-02-03 | House | First Reading Ways and Means |
Same As/Similar To
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/HB0869?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb0869f.pdf |
