- Income Tax – Capital Gains, Dividends, and Foreign–Derived Intangible Income – Alterations (Investing in Marylanders Act of 2023)
- Sponsored by
- Delegates Palakovich Carr, Charkoudian, Cullison, Ebersole, Grossman, Hill, Ivey, Lehman, R. Lewis, McCaskill, Moon, Ruth, Stewart, Terrasa, Washington, Wells, and Wilkins
- In the House - Hearing 2/09 at 1:00 p.m.
- Fiscal and Policy Note
Providing for an additional State individual income tax rate on the net capital gains of individuals; providing addition modifications under the Maryland income tax for certain deductions for foreign income under the Internal Revenue Code; altering a certain addition modification for certain corporate interest expenses and intangible expenses; altering a certain subtraction modification for certain dividends from a foreign corporation to preclude inclusion of certain income treated as dividends under the Internal Revenue Code; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2023
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Last Updated: 6/9/2023 2:28 PM