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2007 Regular Session bill information current as of October 3, 2007 - 11:20 p.m.
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SENATE BILL 393

File Code: Taxes - Income
Prior Year Introduction As: SB 411/06

Sponsored By:
Senator Pinsky

Entitled:
Corporate Income Tax Reform - Combined Reporting


Synopsis:

Requiring specified corporations to compute Maryland taxable income using a specified method; providing that, subject to regulations of the Comptroller, specified groups of corporations shall file a combined income tax return reflecting the aggregate income tax liability of all of the members of the group; requiring the Comptroller to adopt regulations; applying the Act to tax years after December 31, 2007; etc.


History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

Senate Action
2/2
First Reading Budget and Taxation
2/7
Hearing 2/28 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Rules and Regulations

Bill affects the following Statutes:

Tax - General
( 10-402.1 , 10-811 )


Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered



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