MD SB576 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Hearing 3/07 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Hearing 3/07 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring affiliated 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 the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; etc.
Title
Corporate Income Tax - Combined Reporting
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-07 | Senate | Hearing 3/07 at 1:00 p.m. |
| 2023-02-06 | Senate | First Reading Budget and Taxation |
Subjects
Comptroller
Corporations
Exemptions
Foreign Trade
Income Tax
Reports
Rules and Regulations
Tax Returns
Taxes - Income
Corporations
Exemptions
Foreign Trade
Income Tax
Reports
Rules and Regulations
Tax Returns
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 311 | (n/a) | See Bill Text |
| Tax - General | 10 | 402.1 | (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/SB0576?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0576f.pdf |
