MD SB360 | 2022 | Regular Session
Note: Carry Over of previous SB511
Status
Spectrum: Partisan Bill (Democrat 14-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-26 - Hearing 2/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-26 - Hearing 2/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; requiring certain corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using a certain method; etc.
Title
Corporate Tax Fairness Act of 2022
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-26 | Senate | Hearing 2/09 at 1:00 p.m. |
| 2022-01-21 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB511 (Carry Over) 2021-01-25 - Hearing 2/03 at 1:00 p.m.
Subjects
Comptroller
Corporations
Education
Fines
Foreign Trade
Income Tax
Interest
Partnerships
Personal Property
Revenue and Taxes
Rules and Regulations
Tax Returns
Taxes - Income
Corporations
Education
Fines
Foreign Trade
Income Tax
Interest
Partnerships
Personal Property
Revenue and Taxes
Rules and Regulations
Tax Returns
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Education | 5 | 206 | (n/a) | See Bill Text |
| Tax - General | 10 | 402 | (n/a) | See Bill Text |
| Tax - General | 10 | 402.1 | (n/a) | See Bill Text |
| Tax - General | 10 | 811 | (n/a) | See Bill Text |
| Tax - General | 2 | 613.1 | (n/a) | See Bill Text |
| Tax - General | 2 | 614 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0360?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0360f.pdf |
