Maryland House Bill 215 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression, died in committee
Action: 2020-12-22 - Hearing 1/21 at 1:30 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Imposing a tax of 17% on the Maryland taxable income attributable to certain investment management services of an individual or a corporation or the distributive share of a pass-through entity; providing for the calculation of the tax; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; terminating the Act if certain federal legislation is enacted into law; applying the Act to taxable years beginning after December 31, 2020; etc.

Income Tax - Carried Interest - Additional Tax

Del. Julie Palakovich Carr [D]

Date	Chamber	Action
2020-12-22	House	Hearing 1/21 at 1:30 p.m.
2020-12-22	House	Hearing canceled
2020-12-22	House	Hearing 1/21 at 1:00 p.m.
2021-01-13	House	First Reading Ways and Means
2020-10-30	House	Pre-filed

SB288 (Crossfiled) 2020-12-22 - Hearing 1/21 at 11:00 a.m.

Chapter	Article	Section	Citation Type	Statute Text
Tax - General	10	102.1	(n/a)	See Bill Text
Tax - General	10	102.2	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0215?ys=2021RS
Text	https://mgaleg.maryland.gov/2021RS/bills/hb/hb0215f.pdf