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HB 0941 - Maryland Business Tax Fairness Act
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Tracking Level: No Position
Sponsor: Delegate Justin D. Ross, District 22
Last Action: 2/15/2012 - H Hearing 3/6 at 1:00 p.m.
House Committee: House Committee on Ways and Means
Assigned To:
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Taxes and RevenuesNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-HB 941
2012 Regular Session

HOUSE BILL 941

File Code: Taxes - Income Prior Year Introduction As: HB 731/11 - W&M
Sponsored By:
Delegates Ross, Hucker, Arora, Barnes, Bobo, Braveboy, Carr, Cullison, Frush, Gaines, Glenn, Healey, Holmes, Hubbard, Kaiser, Luedtke, A. Miller, Murphy, Niemann, Pena-Melnyk, B. Robinson, S. Robinson, Rosenberg, Stukes, Summers, V. Turner, Walker, and Washington
Entitled:
Maryland Business Tax Fairness Act

Synopsis:

Requiring specified corporations to compute Maryland taxable income using a 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 the 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. For explanation of terms click here.
House Action
2/10
First Reading Ways and Means
2/15
Hearing 3/6 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Justin D. Ross, District 22
Delegate Sam Arora, District 19
Delegate Ben Barnes, District 21
Delegate Elizabeth Bobo, District 12B
Delegate Aisha N. Braveboy, District 25
Delegate Alfred C. Carr, Jr., District 18
Delegate Bonnie Cullison, District 19
Delegate Barbara Frush, District 21
Delegate Tawanna P. Gaines, District 22
Delegate Cheryl D. Glenn, District 45
Delegate Anne Healey, District 22
Delegate Marvin E. Holmes, Jr., District 23B
Delegate James W. Hubbard, District 23A
Delegate Tom Hucker, District 20
Delegate Anne R. Kaiser, District 14
Delegate Eric G. Luedtke, District 14
Delegate Aruna Miller, District 15
Delegate Peter Murphy, District 28
Delegate Doyle L. Niemann, District 47
Delegate Joseline A. Pena-Melnyk, District 21
Delegate Barbara Robinson, District 40
Delegate Shane Robinson, District 39
Delegate Samuel I. Rosenberg, District 41
Delegate Melvin L. Stukes, District 44
Delegate Michael G. Summers, District 47
Delegate Veronica Turner, District 26
Delegate Jay Walker, District 26
Delegate Mary L. Washington, District 43

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