Income Tax - Carried Interest - Additional Tax
Sponsor: Julian Ivey (District 47A)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Unfavorable Report by Ways and Means; Withdrawn (as of Sep 19, 2019)
What this bill does
Official synopsis
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 2019 and beyond; etc.
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Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.