MD SB519 | 2012 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 3/7 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2011; etc.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Corporate Income Tax - Investments in Maryland

Sponsors


History

DateChamberAction
2012-02-08 Hearing 3/7 at 1:00 p.m.
2012-02-03 First Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

feedback