MD HB351 | 2022 | Regular Session
Note: Carry Over of previous HB217
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-24 - Hearing 2/02 at 1:00 p.m. (Ways and Means)
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-24 - Hearing 2/02 at 1:00 p.m. (Ways and Means)
Pending: House Ways and Means 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; and applying the Act to all taxable years beginning after December 31, 2021.
Title
Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-24 | House | Hearing 2/02 at 1:00 p.m. (Ways and Means) |
| 2022-01-19 | House | First Reading Ways and Means and Health and Government Operations |
Same As/Similar To
SB333 (Crossfiled) 2022-01-26 - Hearing 2/09 at 1:00 p.m.
HB217 (Carry Over) 2020-12-22 - Hearing 1/21 at 1:30 p.m. (Ways and Means)
HB217 (Carry Over) 2020-12-22 - Hearing 1/21 at 1:30 p.m. (Ways and Means)
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/HB0351?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb0351f.pdf |
