MD SB800 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 4 2011 - 25% progression, died in chamber
Action: 2011-03-25 - Unfavorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2011 - 25% progression, died in chamber
Action: 2011-03-25 - Unfavorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Summary
Providing that if the principal place from which a corporation's trade or business is directed or managed is in the State, specified nonoperational income of the corporation shall be allocated to the State for income tax purposes to the extent allowed under the United States Constitution; requiring that specified sales of tangible personal property be attributed to the State for apportionment purposes if the corporation is not taxable in the state of the purchaser; applying the Act to tax years after 2010; etc.
Title
Corporate Income Tax Reform
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-25 | Unfavorable Report by Budget and Taxation | |
| 2011-03-02 | Hearing 3/17 at 1:15 p.m. | |
| 2011-03-02 | Hearing cancelled | |
| 2011-02-23 | Hearing 3/23 at 1:00 p.m. | |
| 2011-02-04 | First Reading Budget and Taxation |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/SB0800.htm |
| Text | http://mlis.state.md.us/2011rs/bills/sb/sb0800f.pdf |
