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2003 Regular Session bill information current as of December 15, 2003 - 8:59 a.m.
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SENATE BILL 398

File Code: Taxes - Income

Sponsored By:
Senators Pinsky, Britt, Frosh, Green, Grosfeld, Hollinger, Kelley, and Middleton

Entitled:
Corporate Income Tax Reform

Synopsis:

Requiring that specified interest expenses and intangible expenses be added to the federal taxable income of a corporation to determine Maryland modified income under specified circumstances; requiring specified corporations to compute Maryland taxable income using a specified method for taxable years beginning after 2004; authorizing the Comptroller to adjust specified tax attributes between and among two or more organizations, trades, or businesses under specified circumstances; etc.

History by Legislative Date

Senate Action
1/31
First Reading Budget and Taxation
2/12
Hearing 3/5 at 12:30 p.m.
House Action
No Action

Sponsored by:

Senator Paul G. Pinsky, District 22
Senator Gwendolyn Britt, District 47
Senator Brian E. Frosh, District 16
Senator Leo E. Green, District 23
Senator Sharon M. Grosfeld, District 18
Senator Paula C. Hollinger, District 11
Senator Delores G. Kelley, District 10
Senator Thomas M. Middleton, District 28

Bill indexed under the following Subjects:

COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INTEREST
RULES AND REGULATIONS

Bill affects the following Statutes:

Tax - General
( 10-109 , 10-306.1 , 10-402.1 , 10-804 , 10-811 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (WORD / PDF)

Amendments: None offered


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