MD SB693 | 2022 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 4 2022 - 25% progression, died in chamber
Action: 2022-03-14 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2022 - 25% progression, died in chamber
Action: 2022-03-14 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Summary
Repealing Maryland income tax modifications for certain deductions for the cost of business property that is treated as an expense for federal income tax purposes; and applying the Act to all taxable years beginning after December 31, 2021.
Title
Income Tax - Expensing of Business Property - Recoupling With Federal Law
Sponsors
| Sen. Chris West [R] | Sen. Katie Hester [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-03-14 | Senate | Withdrawn by Sponsor |
| 2022-02-05 | Senate | Hearing 3/02 at 1:00 p.m. |
| 2022-02-04 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB841 (Crossfiled) 2022-02-08 - Hearing 2/23 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 210.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 310 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0693?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0693f.pdf |
