MD SB146 | 2020 | Regular Session
Note: Carry Foward to future SB900
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 10 2020 - 25% progression, died in committee
Action: 2020-01-10 - Hearing 1/22 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2020 - 25% progression, died in committee
Action: 2020-01-10 - Hearing 1/22 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the Maryland income tax for amounts of ordinary and necessary expenses paid or incurred during the taxable year, including a reasonable allowance for salaries and certain other compensation, in carrying on a trade or business as a certain medical cannabis grower, processor, dispensary, or independent testing laboratory; applying the Act to taxable years beginning after December 31, 2019; etc.
Title
Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-10 | Senate | Hearing 1/22 at 1:00 p.m. |
| 2020-01-10 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB146 (Carry Over) 2020-01-10 - Hearing 1/22 at 1:00 p.m.
HB1210 (Crossfiled) 2020-02-10 - Hearing 3/05 at 1:00 p.m. (Ways and Means)
HB1210 (Crossfiled) 2020-02-10 - Hearing 3/05 at 1:00 p.m. (Ways and Means)
Subjects
Cannabis Distribution
Cannabis Production
Exemptions
Income Tax
Laboratories
Salaries and Compensation
Taxes - Income
Cannabis Production
Exemptions
Income Tax
Laboratories
Salaries and Compensation
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 208 | (n/a) | See Bill Text |
| Tax - General | 10 | 308 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0146?ys=2020RS |
| Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0146f.pdf |
