Maryland House Bill 129 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 15 2020 - 25% progression, died in committee
Action: 2020-01-29 - Hearing 2/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Altering the tax imposed on certain pass-through entities; requiring each pass-through entity to pay the tax imposed with respect to certain shares of certain nonresident and nonresident entity members of the pass-through entity; authorizing a pass-through entity to pay the tax imposed with respect to certain shares of all members of the pass-through entity; providing for the calculation of the tax; prohibiting the tax required to be paid for any taxable year from exceeding a certain amount; etc.

Taxes - Election for Pass-Through Entities

Del. Carol Krimm [D]

Del. Dan Cox [R]

Date	Chamber	Action
2020-01-29	House	Hearing 2/12 at 1:00 p.m.
2020-01-29	House	Hearing canceled
2020-01-24	House	Hearing 2/13 at 1:00 p.m.
2020-01-15	House	First Reading Ways and Means

Chapter	Article	Section	Citation Type	Statute Text
Tax - General	10	102.1	(n/a)	See Bill Text
Tax - General	10	751	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0129?ys=2020RS
Text	https://mgaleg.maryland.gov/2020RS/bills/hb/hb0129f.pdf