2009 Regular Session


File Code: Taxes - Income
Sponsored By:
Delegates Frick, Barve, Cardin, Doory, Feldman, Gilchrist, Hixson, Ivey, Kaiser, Murphy, Olszewski, Rice, Ross, Stukes, F. Turner, and Walker
Income Tax - Banks - Treatment of Losses on Loans and Bad Debts After Change of Ownership


Requiring an addition or subtraction modification under the Maryland income tax to reflect the treatment of items of deduction or loss with respect to losses on loans or bad debts allowed to a bank after an ownership change without regard to Notice 2008-83 issued by the Internal Revenue Service on October 20, 2008; and applying the Act to any taxable year to which Notice 2008-83 is applicable.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
First Reading Ways and Means
Hearing 2/18 at 1:00 p.m.
Hearing cancelled
Unfavorable Report by Ways and Means Withdrawn
Senate Action
No Action

Sponsored by:

Delegate C. William Frick, District 16
Delegate Kumar P. Barve, District 17
Delegate Jon S. Cardin, District 11
Delegate Ann Marie Doory, District 43
Delegate Brian J. Feldman, District 15
Delegate Jim Gilchrist, District 17
Delegate Sheila E. Hixson, District 20
Delegate Jolene Ivey, District 47
Delegate Anne R. Kaiser, District 14
Delegate Peter Murphy, District 28
Delegate John A. Olszewski, Jr., District 6
Delegate Craig L. Rice, District 15
Delegate Justin D. Ross, District 22
Delegate Melvin L. Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

Bill indexed under the following Subjects:

Banks and Trust Companies
Income Tax
Loans -see also- Mortgages
Mergers and Acquisitions

Bill affects the following Statutes:

Tax - General
( 10-210.1 , 10-310 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered