MD SB409 | 2019 | Regular Session

Status

Spectrum: Slight Partisan Bill (Democrat 10-5)
Status: Introduced on February 1 2019 - 25% progression
Action: 2019-02-01 - Hearing 2/20 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a subtraction modification under the State income tax for income from a qualified transfer of stock or membership interest of a Maryland corporation or limited liability company to certain employee ownership entities; limiting the amount of the subtraction if the transfer is to a direct share ownership plan; applying the Act to taxable years beginning after December 31, 2018; etc.

Tracking Information

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Title

Income Tax - Subtraction Modification - Employee-Owned Businesses

Sponsors


History

DateChamberAction
2019-02-01SenateHearing 2/20 at 1:00 p.m.
2019-02-01SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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