MD SB900 | 2021 | Regular Session
Note: Carry Foward to future SB333
Note: Carry Over of previous SB146
Note: Carry Over of previous SB146
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-11 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-11 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the Maryland income tax for certain expenses paid or incurred during the taxable year in carrying on a trade or business as a certain medical cannabis grower, processor, dispensary, or independent testing laboratory; applying the Act to taxable years beginning after December 31, 2020; etc.
Title
Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-11 | Senate | Hearing 3/09 at 1:00 p.m. |
| 2021-02-09 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB900 (Carry Over) 2021-02-11 - Hearing 3/09 at 1:00 p.m.
HB217 (Crossfiled) 2020-12-22 - Hearing 1/21 at 1:30 p.m. (Ways and Means)
SB146 (Carry Over) 2020-01-10 - Hearing 1/22 at 1:00 p.m.
HB217 (Crossfiled) 2020-12-22 - Hearing 1/21 at 1:30 p.m. (Ways and Means)
SB146 (Carry Over) 2020-01-10 - Hearing 1/22 at 1:00 p.m.
Subjects
Cannabis
Cannabis Distribution
Cannabis Production
Exemptions
Income Tax
Laboratories
Salaries and Compensation
Taxes - Income
Cannabis Distribution
Cannabis Production
Exemptions
Income Tax
Laboratories
Salaries and Compensation
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 208 | (n/a) | See Bill Text |
| Tax - General | 10 | 308 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0900?ys=2021RS |
| Text | https://mgaleg.maryland.gov/2021RS/bills/sb/sb0900f.pdf |
