Maryland House Bill 1116 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 10 2012 - 25% progression, died in committee
Action: 2012-02-15 - Hearing 3/9 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Corporate Income Tax - Investments in Maryland

Del. Mark Fisher [R]

Del. Glen Glass [R]

Del. Leroy Myers [R]

Sen. Andrew Serafini [R]

Date	Chamber	Action
2012-02-15		Hearing 3/9 at 1:00 p.m.
2012-02-10		First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB1116.htm
Text	http://mlis.state.md.us/2012rs/bills/hb/hb1116f.pdf