Maryland Senate Bill 653 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-03-07 - Hearing 3/13 at 1:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for specified deductions for the cost of the property that is treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2012, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified property; and applying the Act to taxable years ending after December 31, 2011.

Income Tax - Expensing of Business Property and Bonus Depreciation

Sen. John Astle [D]	Sen. Richard Colburn [R]	Sen. Jennie Forehand [D]	Sen. Robert Garagiola [D]
Sen. Barry Glassman [R]	Sen. Nancy King [D]	Sen. Allan Kittleman [R]	Sen. Katherine Klausmeier [D]
Sen. Thomas Middleton [D]	Sen. Douglas Peters [D]

Date	Chamber	Action
2012-03-07		Hearing 3/13 at 1:30 p.m.
2012-03-07		Hearing cancelled
2012-02-08		Hearing 3/13 at 1:00 p.m.
2012-02-03		First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0653.htm
Text	http://mlis.state.md.us/2012rs/bills/sb/sb0653f.pdf