MD SB519 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 3/7 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-02-08 - Hearing 3/7 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2011; etc.
Title
Corporate Income Tax - Investments in Maryland
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-08 | Hearing 3/7 at 1:00 p.m. | |
| 2012-02-03 | First Reading Budget and Taxation |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0519.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0519f.pdf |
