2010 Regular Session


File Code: Taxes - Income Prior Year Introduction As: SB 1069/09 - SRU Crossfiled with: SENATE BILL 574
Sponsored By:
Delegates Hixson, Cardin, Doory, Frick, Gilchrist, Ivey, Kaiser, Olszewski, Rice, Ross, and Stukes
Income Tax - Net Operating Loss Deductions - Loss from Criminal Fraud or Embezzlement


Providing that a Maryland income tax provision requiring addition or subtraction modifications to federal adjusted gross income to determine Maryland adjusted gross income of an individual without regard to the special net operating loss carryback period provided under � 172(b)(1)(H) of the Internal Revenue Code is not applicable to net operating losses covered under I.R.S. Revenue Ruling 2009-9 and substantiated under I.R.S. Revenue Procedure 2009-20; making the Act an emergency measure; etc.

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 2/11 at 1:00 p.m.
Hearing cancelled
Hearing 2/25 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Sheila E. Hixson, District 20
Delegate Jon S. Cardin, District 11
Delegate Ann Marie Doory, District 43
Delegate C. William Frick, District 16
Delegate Jim Gilchrist, District 17
Delegate Jolene Ivey, District 47
Delegate Anne R. Kaiser, District 14
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

Bill indexed under the following Subjects:

Crimes and Punishments -see also- Penalties and Sentnc; etc.
Fraud -see also- Forgery
Income Tax
Investments -see also- Securities


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered