Passed BothConf. Cmte
- Income Tax - Carried Interest - Additional Tax
- Sponsored by
- Senators Pinsky, Kelley, Rosapepe, Smith, and Washington
- In the Senate - Hearing 1/29 at 1:00 p.m.
- Fiscal and Policy Note
Imposing a tax of 17% on the Maryland taxable income attributable to certain investment management services of an individual or a corporation or the distributive share of a pass-through entity; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; terminating the Act if certain federal legislation is enacted into law; applying the Act to taxable years beginning after December 31, 2019; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
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( 10-102.1, 10-102.2 )
Last Updated: 9/22/2020 2:55 PM