HB 295

Did not advance

Corporate Income Tax - Combined Reporting

Sponsor: Mary A. Lehman (District 21)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/12 at 1:00 p.m. (as of Nov 6, 2020)

What this bill does

Official synopsis

Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; requiring the Comptroller to report by March 1 of each year an estimate of the total additional tax revenue from corporations to be collected in the next fiscal year as a result of the combined reporting method; requiring the Comptroller to distribute certain revenue from corporations to The Blueprint for Maryland's Future Fund; etc.

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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 (29)

MGA witness list

FAV 13FavorableUNF 16Unfavorable

Position	Witness	Organization	Testimony
FAV	Gardiner, Shamoyialobbyist	ACY	Written (PDF)
FAV	MAZEROV, MICHAEL	CENTER ON BUDGET AND POLICY PRIORITIES	Position only
FAV	Edwards, Donna	MD DC AFL-CIOI	Written (PDF)
FAV	Orr, Benjamin	Maryland Center on Economic Policy	Written (PDF)
FAV	Schumitz, Kalilobbyist	Maryland Fair Funding Coalition	Written (PDF)
FAV	Bogdan, Henrylobbyist	Maryland Nonprofits	Position only
FAV	Deal, Poetrilobbyist	PGCEA	Position only
FAV	Cavanagh, Terry	SEIU MARYLAND STATE COUNCIL	Written (PDF)
FAV	smalls, cindylobbyist	afscne council 3	Written (PDF)
FAV	zwerling, samanthalobbyist	msea	Oral + Written (PDF)
FAV	francaviglia, Joe	strong schools maryland	Written (PDF)
FAV	Delegate Lehman, Delegate Lehmanlegislator	Individual	Oral + Written (PDF)
FAV	Murek, Sally	Individual	Position only
UNF	Zinsmeister, Robert	Associated Builders and Contractors, Inc.	Written (PDF)
UNF	Do, Stephanie	COST	Position only
UNF	Looney, Sean	Comcast NBCUniversal	Oral
UNF	Grealy, Anne	First Energy	Written (PDF)
UNF	Levine, Brianlobbyist	GBC	Position only
UNF	Fry, Donald	Greater Baltimore Committee	Written (PDF)
UNF	Hood, Tom	MACPA	Written (PDF)
UNF	Murphy, Kathleen	MBA	Written (PDF)
UNF	Price, Sarahlobbyist	MD Retailers Assn	Position only
UNF	Burner, Gene	Manufacturers Alliance of Maryland	Position only
UNF	Cutler, Travislobbyist	Marriott	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Oral + Written (PDF)
UNF	Swanson, Tricia	Montgomery County Chamber of Commerce	Written (PDF)
UNF	APPLEBAUM, david	NEXTERA ENERGY	Written (PDF)
UNF	Thompson, Melvinlobbyist	Restaurant Association of Maryland	Written (PDF)

Organizations on record

ACYFAV 1

afscne council 3FAV 1

Associated Builders and Contractors, Inc.UNF 1

CENTER ON BUDGET AND POLICY PRIORITIESFAV 1

Comcast NBCUniversalUNF 1

COSTUNF 1

First EnergyUNF 1

GBCUNF 1

Greater Baltimore CommitteeUNF 1

MACPAUNF 1

Manufacturers Alliance of MarylandUNF 1

MarriottUNF 1

Maryland Building Industry AssociationUNF 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Fair Funding CoalitionFAV 1

Maryland NonprofitsFAV 1

MBAUNF 1

MD DC AFL-CIOIFAV 1

MD Retailers AssnUNF 1

Montgomery County Chamber of CommerceUNF 1

mseaFAV 1

NEXTERA ENERGYUNF 1

PGCEAFAV 1

Restaurant Association of MarylandUNF 1

SEIU MARYLAND STATE COUNCILFAV 1

strong schools marylandFAV 1

Registered lobbyists who testified

FAVGardiner, ShamoyiaACYRegistered for: Strong Schools Maryland, care of The Fund for Educational Excellence

FAVSchumitz, KaliMaryland Fair Funding CoalitionRegistered for: Maryland Center on Economic Policy

FAVBogdan, HenryMaryland NonprofitsRegistered for: Maryland Nonprofits

FAVDeal, PoetriPGCEARegistered for: Pepco Holdings, LLC.

FAVsmalls, cindyafscne council 3Registered for: AFSCME IU

FAVzwerling, samanthamseaRegistered for: Maryland State Education Association

UNFLevine, BrianGBCRegistered for: Montgomery County Chamber of Commerce

UNFPrice, SarahMD Retailers AssnRegistered for: Maryland Retailers Alliance; Maryland Retailers Association

UNFCutler, TravisMarriottRegistered for: Marriott International

UNFGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association

UNFGriffin, AndrewMaryland Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…

UNFThompson, MelvinRestaurant Association of MarylandRegistered for: Restaurant Association of Maryland