Income Tax - Pass-Through Entity - Additional Tax
Sponsor: Julie Palakovich Carr (District 17)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
Imposing a State income tax on income distributed to certain members of certain pass-through entities from the pass-through entity's taxable income exceeding $1,000,000; providing that the tax does not apply to the income of a pass-through entity that is a sole proprietorship or has implemented a certain employee stock ownership plan; applying the Act to taxable years beginning after December 31, 2019; etc.
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Testimony (14)
MGA witness listFAV 10FavorableUNF 4Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Gardiner, Shamoyialobbyist | ACY | Written (PDF) |
| FAV | GABER, COREY | BALTIMORE TEACHER'S UNION | Position only |
| FAV | MAZEROV, MICHAEL | CENTER ON BUDGET AND POLICY PRIORITIES | Position only |
| FAV | Edwards, Donna | MD DC AFL-CIOI | Written (PDF) |
| FAV | LITTLE, KOBI | MD NAACP | Position only |
| FAV | Orr, Benjamin | Maryland Center on Economic Policy | Position only |
| FAV | Schumitz, Kalilobbyist | Maryland Fair Funding Coalition | Written (PDF) |
| FAV | smalls, cindylobbyist | afscne council 3 | Position only |
| FAV | francaviglia, Joe | strong schools maryland | Written (PDF) |
| FAV | Delegate Palakovich Carr, Delegate Palakovich Carrlegislator | Individual | Oral + Written (PDF) |
| UNF | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| UNF | Griffin, Andrewlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| UNF | O'HALLORAN, MIKE | NFIB | Written (PDF) |
| UNF | Thompson, Melvinlobbyist | Restaurant Association of Maryland | Position only |
Organizations on record
Registered lobbyists who testified
FAVGardiner, ShamoyiaACYRegistered for: Strong Schools Maryland, care of The Fund for Educational Excellence
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