Income Tax - Subtraction Modification - Employee-Owned Businesses
Sponsor: Delegate LuedtkeCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/06 at 1:00 p.m. (as of Sep 19, 2019)
What this bill does
Official synopsis
Allowing a subtraction modification under the State income tax for income from a qualified transfer of stock or membership interest of a Maryland corporation or limited liability company to certain employee ownership entities; limiting the amount of the subtraction if the transfer is to a direct share ownership plan; applying the Act to taxable years beginning after December 31, 2018; etc.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.