Small Business Fairness Act
Sponsor: Karen Lewis Young (District 3)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 1/30 at 2:00 p.m. (as of Sep 19, 2019)
What this bill does
Official synopsis
Requiring affiliated retail trade and food services corporations with multiple locations to compute Maryland taxable income using a combined reporting method; requiring, subject to regulations, certain groups of retail trade and food services corporations to file income tax returns reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to report to the General Assembly by March 31 each year an estimate of the total additional tax revenue resulting from the combined reporting method; etc.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.