2008 Regular Session


File Code: Taxes - Income Prior Year Introduction As: SB 395/07
Sponsored By:
Senator Pinsky
Income Tax - Corporations - Denial of Deduction for Excessive Compensation of Officers and Directors


Providing an addition modification under the Maryland corporate income tax for the amount of salary, wages, or other compensation for personal services paid or incurred by a corporation to an officer or director of the corporation in excess of 25 times the annual salary, wages, or other compensation for personal services of the lowest-paid full-time employee; and applying the Act to taxable years beginning after December 31, 2007.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Senate Rules
Re-referred Budget and Taxation
House Action
No Action

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Salaries -see also- Overtime; Reimbursement Rates

Bill affects the following Statutes:

Tax - General
( 10-305 , 10-305 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Not available at this time
Amendments: None offered