Maryland Senate Bill 123 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression, died in committee
Action: 2020-12-22 - Hearing 1/21 at 11:00 a.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Requiring affiliated retail trade and food services corporations with multiple locations to compute Maryland taxable income using a combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; requiring, subject to regulations, certain groups of retail trade and food services corporations to file income tax returns reflecting the aggregate income tax liability of all members of the group; etc.

Small Business Fairness Act

Sen. Ronald Young [D]

Date	Chamber	Action
2020-12-22	Senate	Hearing 1/21 at 11:00 a.m.
2021-01-13	Senate	First Reading Budget and Taxation
2020-08-14	Senate	Pre-filed

Chapter	Article	Section	Citation Type	Statute Text
Tax - General	10	402.1	(n/a)	See Bill Text
Tax - General	10	811	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0123?ys=2021RS
Text	https://mgaleg.maryland.gov/2021RS/bills/sb/sb0123f.pdf