MD SB311 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on January 22 2020 - 25% progression, died in committee
Action: 2020-01-22 - Hearing 1/29 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 22 2020 - 25% progression, died in committee
Action: 2020-01-22 - Hearing 1/29 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; requiring certain corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using a certain method; etc.
Title
Corporate Tax Fairness Act of 2020
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-22 | Senate | Hearing 1/29 at 1:00 p.m. |
2020-01-22 | Senate | First Reading Budget and Taxation |
Subjects
Comptroller
Corporations
Foreign Trade
Franchise Tax
Income Tax
Interest
Penalties and Sentences
Personal Property
Real Property
Reports
Rules and Regulations
Taxes - Income
Corporations
Foreign Trade
Franchise Tax
Income Tax
Interest
Penalties and Sentences
Personal Property
Real Property
Reports
Rules and Regulations
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 402 | (n/a) | See Bill 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/SB0311?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0311f.pdf |