Passed BothConf. Cmte
- Corporate Income Tax - Combined Reporting
- Sponsored by
- Senators Lewis Young and Rosapepe
- In the Senate - Hearing 3/07 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: Regular
Effective Date(s): July 1, 2024
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( 10-311, 10-402.1, 10-811 )
Last Updated: 3/27/2023 4:57 PM