MD SB240 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 8 2023 - 100% progression
Action: 2023-05-08 - Approved by the Governor - Chapter 445
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 8 2023 - 100% progression
Action: 2023-05-08 - Approved by the Governor - Chapter 445
Text: Latest bill text (Chaptered) [PDF]
Summary
Providing, for taxable years beginning after December 31, 2022, an addition modification under the Maryland income tax for the amount of a certain tax credit claimed for certain taxes paid to another state by a pass-through entity under certain circumstances.
Title
Income Tax – Out–of–State Taxes Paid by Pass–Through Entities – Addition Modification
Sponsors
| Sen. Guy Guzzone [D] |
Roll Calls
2023-04-10 - House - Third Reading Passed (Y: 102 N: 35 NV: 3 Abs: 0) [PASS]
2023-04-07 - Senate - Third Reading Passed (Y: 30 N: 11 NV: 3 Abs: 3) [PASS]
2023-04-07 - Senate - Third Reading Passed (Y: 30 N: 11 NV: 3 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-05-08 | Senate | Approved by the Governor - Chapter 445 |
| 2023-04-10 | Senate | Returned Passed |
| 2023-04-10 | House | Third Reading Passed (102-35) |
| 2023-04-10 | House | Favorable Adopted Second Reading Passed |
| 2023-04-10 | House | Favorable Report by Ways and Means |
| 2023-04-09 | House | Hearing 4/10 at 1:30 p.m. |
| 2023-04-09 | House | Hearing canceled |
| 2023-04-08 | House | Hearing 4/10 at 10:30 a.m. |
| 2023-04-08 | House | Hearing canceled |
| 2023-04-08 | House | Hearing 4/10 at 10:00 a.m. |
| 2023-04-08 | House | Rereferred to Ways and Means |
| 2023-04-08 | House | Referred Rules and Executive Nominations |
| 2023-04-07 | Senate | Third Reading Passed (30-11) |
| 2023-04-07 | Senate | Second Reading Passed with Amendments |
| 2023-04-07 | Senate | Favorable with Amendments {683226/1 Adopted |
| 2023-04-07 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2023-01-26 | Senate | Hearing 2/01 at 2:00 p.m. |
| 2023-01-26 | Senate | Hearing canceled |
| 2023-01-25 | Senate | Hearing 2/01 at 1:00 p.m. |
| 2023-01-24 | Senate | First Reading Budget and Taxation |
Subjects
Business Trusts
Corporations
Income Tax
Interstate Affairs
Limited Liability Companies
Partnerships
Tax Credits
Taxes - Income
Corporations
Income Tax
Interstate Affairs
Limited Liability Companies
Partnerships
Tax Credits
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 102.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 205 | (n/a) | See Bill Text |
| Tax - General | 10 | 703 | (n/a) | See Bill Text |
