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2012 Regular Session bill information current as of February 23, 2012 - 1:31 a.m.
Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Bill

SENATE BILL 269

Bill is in the Senate - First Reading Budget and Taxation

File Code: Taxes - Income
Prior Year Introduction As: SB 305/11 - B&T

Sponsored By:
Senators Pinsky, Benson, Conway, Currie, Ferguson, Frosh, Jones-Rodwell, Kelley, Madaleno, Manno, Montgomery, Ramirez, Raskin, Rosapepe, Stone, and Young

Entitled:
Maryland Business Tax Fairness Act


Synopsis:

Requiring specified corporations to compute Maryland taxable income using a specified combined reporting method; requiring, subject to specified regulations, specified groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to adopt specified regulations; requiring specified regulations to be consistent with regulations adopted by the Multistate Tax Commission; applying the Act to tax years beginning after 2012; etc.


History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. Explain Legislative Date and Calendar Date
For explanation of terms click here.
Senate Action
1/25
First Reading Budget and Taxation
2/1
Hearing 2/22 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Paul G. Pinsky, District 22
Senator Joanne C. Benson, District 24
Senator Joan Carter Conway, District 43
Senator Ulysses Currie, District 25
Senator Bill Ferguson, District 46
Senator Brian E. Frosh, District 16
Senator Verna L. Jones-Rodwell, District 44
Senator Delores G. Kelley, District 10
Senator Richard S. Madaleno, Jr., District 18
Senator Roger P. Manno, District 19
Senator Karen S. Montgomery, District 14
Senator Victor R. Ramirez, District 47
Senator Jamie Raskin, District 20
Senator Jim Rosapepe, District 21
Senator Norman R. Stone, Jr., District 6
Senator Ronald N. Young, District 3

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

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



Top Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Bill