MD SB341 | 2016 | Regular Session

Maryland Senate Bill 341 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on January 28 2016 - 25% progression, died in chamber
Action: 2016-02-22 - Unfavorable Report by Budget and Taxation; Withdrawn
Text: Latest bill text (Introduced) [PDF]

Summary

Limiting the State income tax liability imposed on specified individuals by providing a limitation based on the individual's federal income tax liability; and applying the Act to all taxable years beginning after December 31, 2015.

Title

Income Tax - Limitation Based on Federal Income Tax Liability

History

Date	Chamber	Action
2016-02-22	Senate	Unfavorable Report by Budget and Taxation; Withdrawn
2016-02-16	Senate	Hearing cancelled
2016-02-17	Senate	Hearing 2/17 at 1:00 p.m.
2016-01-28	Senate	First Reading Budget and Taxation

Subjects

Federal Government
Income Tax
Tax Credits
Taxes - Income

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0341?ys=2016rs
Text	https://mgaleg.maryland.gov/2016RS/bills/sb/sb0341f.pdf
Supplement	https://mgaleg.maryland.gov/2016RS/fnotes/bil_0001/sb0341.pdf