MD SB248 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 25 2012 - 25% progression, died in chamber
Action: 2012-03-05 - Unfavorable Report by Budget and Taxation Withdrawn
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2012 - 25% progression, died in chamber
Action: 2012-03-05 - Unfavorable Report by Budget and Taxation Withdrawn
Text: Latest bill text (Introduced) [PDF]
Summary
Imposing an alternative minimum assessment on corporations doing business in the State; providing for the computation of the alternative minimum assessment as a percentage of a corporation's gross receipts or gross profits, based on an election made by the corporation; limiting the assessment to $5,000,000 for any corporation and to $20,000,000 for affiliated groups of corporations; providing for credits against the corporate income tax under specified circumstances; applying the Act to tax years after 2011; etc.
Title
Taxation of Corporations - Alternative Minimum Assessment
Sponsors
History
Date | Chamber | Action |
---|---|---|
2012-03-05 | Unfavorable Report by Budget and Taxation Withdrawn | |
2012-02-08 | Hearing 2/15 at 1:15 p.m. | |
2012-02-08 | Hearing cancelled | |
2012-02-01 | Hearing 2/15 at 1:00 p.m. | |
2012-01-25 | First Reading Budget and Taxation |
Subjects
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0248.htm |
Text | http://mlis.state.md.us/2012rs/bills/sb/sb0248f.pdf |