MD SB24 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2019-12-19 - Hearing 1/09 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2019-12-19 - Hearing 1/09 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring affiliated retail trade and food services corporations with multiple locations to compute Maryland taxable income using a combined reporting method; requiring, subject to regulations, certain groups of retail trade and food services corporations to file income tax returns reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to report to the General Assembly by March 31 each year an estimate of the total additional tax revenue resulting from the combined reporting method; etc.
Title
Small Business Fairness Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-12-19 | Senate | Hearing 1/09 at 2:00 p.m. |
2020-01-08 | Senate | First Reading Budget and Taxation |
2019-07-18 | Senate | Pre-filed |
Subjects
Comptroller
Food
Foreign Ownership
Foreign Trade
Income Tax
Interstate Affairs
Reports
Retail Sales
Rules and Regulations
Small Business
Taxes - Income
Food
Foreign Ownership
Foreign Trade
Income Tax
Interstate Affairs
Reports
Retail Sales
Rules and Regulations
Small Business
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 402.1 | (n/a) | See Bill Text |
Tax - General | 10 | 402.2 | (n/a) | See Bill Text |
Tax - General | 10 | 811 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0024?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0024f.pdf |