Passed BothConf. Cmte
- Corporate Income Tax - Combined Reporting
- Sponsored by
- Delegates Lehman, Hill, Palakovich Carr, Pena-Melnyk, Ruth, Solomon, and Terrasa
- In the House - Hearing 2/02 at 1:00 p.m.
- Fiscal and Policy Note
Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; etc.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2024
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Last Updated: 2/3/2023 2:58 PM