MD SB1022 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 28 2019 - 25% progression, died in chamber
Action: 2019-04-08 - Favorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 28 2019 - 25% progression, died in chamber
Action: 2019-04-08 - Favorable Report by Budget and Taxation
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring a certain worldwide headquartered company, if the company's parent corporation is a franchisor, to employ at the parent corporation's principal executive office in the State at least 400 full-time employees at all times between July 1, 2017, and June 30, 2020, in order to elect to use a certain formula to apportion certain income to the State for purposes of the income tax on corporations; and providing for the application of the Act.
Title
Corporate Income Tax - Single Sales Factor Apportionment Exemption - Worldwide Headquartered Company Election
Sponsors
Sen. Guy Guzzone [D] |
History
Date | Chamber | Action |
---|---|---|
2019-04-08 | Senate | Favorable Report by Budget and Taxation |
2019-03-12 | Senate | Hearing 3/27 at 1:00 p.m. |
2019-03-08 | Senate | Rereferred to Budget and Taxation |
2019-02-28 | Senate | First Reading Senate Rules |