2012 Regular Session


File Code: Taxes - Income Crossfiled with: HOUSE BILL 1116
Sponsored By:
Senator Shank
Corporate Income Tax - Investments in Maryland


Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
First Reading Budget and Taxation
Hearing 3/7 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

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

Bill affects the following Statutes:

Tax - General
( 10-105 , 10-105.1 )


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