MD SB653 | 2012 | Regular Session

Status

Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-03-07 - Hearing 3/13 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for specified deductions for the cost of the property that is treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified property; and applying the Act to taxable years ending after December 31, 2011.

Tracking Information

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Title

Income Tax - Expensing of Business Property and Bonus Depreciation

Sponsors


History

DateChamberAction
2012-03-07 Hearing 3/13 at 1:30 p.m.
2012-03-07 Hearing cancelled
2012-02-08 Hearing 3/13 at 1:00 p.m.
2012-02-03 First Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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