MD SB995 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-02-12 - Hearing canceled
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-02-12 - Hearing canceled
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the formula used to apportion income to the State for corporations that carry on a trade or business in and out of the State; authorizing certain corporations to elect to use a certain formula to apportion certain income; applying the Act to taxable years beginning after December 31, 2017; etc.
Title
Corporate Income Tax - Single Sales Factor Apportionment
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-12 | Senate | Hearing canceled |
| 2018-03-13 | Senate | Hearing 3/13 at 1:00 p.m. |
| 2018-02-05 | Senate | First Reading Budget and Taxation |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0995?ys=2018rs |
| Text | https://mgaleg.maryland.gov/2018RS/bills/sb/sb0995f.pdf |
