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2004 Regular Session bill information current as of November 17, 2004 - 3:15 p.m.
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SENATE BILL 156

File Code: Taxes - Income

Sponsored By:
Senators Miller, Pinsky, Astle, Britt, Conway, Currie, DeGrange, Della, Exum, Forehand, Frosh, Garagiola, Giannetti, Gladden, Green, Grosfeld, Hollinger, Hughes, Jimeno, Jones, Kasemeyer, Kelley, Lawlah, McFadden, Middleton, Ruben, Stone, and Teitelbaum

Entitled:
Corporate Income Tax Reform

Synopsis:

Authorizing the Comptroller to distribute, apportion, or allocate income, deductions, credits, or allowances between two or more organizations under specified circumstances; requiring specified interest expenses and intangible expenses to be added to federal taxable income for the purpose of determining Maryland modified income under specified circumstances; etc.

History by Legislative Date

Senate Action
1/23
First Reading Budget and Taxation
2/11
Hearing 2/25 at 1:00 p.m.
3/24
Unfavorable Report by Budget and Taxation
House Action
No Action

Sponsored by:

Senator Thomas V. Mike Miller, Jr., District 27
Senator John C. Astle, District 30
Senator Gwendolyn Britt, District 47
Senator Joan Carter Conway, District 43
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator George W. Della, Jr., District 46
Senator Nathaniel Exum, District 24
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Rob Garagiola, District 15
Senator John A. Giannetti, Jr., District 21
Senator Lisa A. Gladden, District 41
Senator Leo E. Green, District 23
Senator Sharon M. Grosfeld, District 18
Senator Paula C. Hollinger, District 11
Senator Ralph M. Hughes, District 40
Senator Philip C. Jimeno, District 31
Senator Verna L. Jones, District 44
Senator Edward J. Kasemeyer, District 12
Senator Delores G. Kelley, District 10
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Thomas McLain Middleton, District 28
Senator Paul G. Pinsky, District 22
Senator Ida G. Ruben, District 20
Senator Norman R. Stone, Jr., District 6
Senator Leonard H. Teitelbaum, District 19

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
COPYRIGHT
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
EXEMPTIONS
FEES -see also- DEVELOPMENT FEES AND TAXES
INCOME TAX
INTEREST
INTERSTATE AFFAIRS
MOTOR VEHICLE ADMINISTRATION
MOTOR VEHICLE REGISTRATION
PENALTIES
PERSONAL PROPERTY
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General
( 10-109 , 10-306.1 , 10-402 , 10-804 )

Documents:

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

Fiscal Note: Available (WORD / PDF)

Amendments: None offered


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