Effective Corporate Tax Rate Transparency Act of 2020
Sponsor: Julie Palakovich Carr (District 17)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/25 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Requiring a publicly traded corporation that is required to file a Maryland income tax return to attach a statement identifying the corporation's effective tax rate and an explanation of the calculation of the effective tax rate; requiring that the statement be made under oath, signed in a certain manner, subject to audit by the Comptroller, and treated as confidential taxpayer information; requiring the Comptroller to submit a certain report to the Governor and the General Assembly by March 1 each year; etc.
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Testimony (14)
MGA witness listFAV 6FavorableUNF 8Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | English, Marietta | AFT-MD | Written (PDF) |
| FAV | MAZEROV, MICHAEL | CENTER ON BUDGET AND POLICY PRIORITIES | Written (PDF) |
| FAV | LEROY, GREG | GOOD JOBS FIRST | Oral + Written (PDF) |
| FAV | GARDNER, MATT | INSTITUTE ON TAXATION AND ECONOMIC POLICY | Written (PDF) |
| FAV | SCHUMITZ, KALIlobbyist | MDCEP | Oral + Written (PDF) |
| FAV | Delegate Palakovich Carr, Delegate Palakovich Carrlegislator | Individual | Oral + Written (PDF) |
| UNF | Reynolds, Patricklobbyist | COST | Position only |
| UNF | Looney, Sean | Comcast NBCUniversak | Oral |
| UNF | Glock, Sandra | MACPA | Oral |
| UNF | Halpern, MaryBeth | MACPA | Written (PDF) |
| UNF | Griffin, Andrewlobbyist | MD Chamber of Commerce | Oral + Written (PDF) |
| UNF | Price, Sarahlobbyist | MD Retailers Association | Oral |
| UNF | Tabuteau, Richardlobbyist | MD Tech Council | Position only |
| UNF | graf, lorilobbyist | Maryland Building Industry Association | Written (PDF) |
Organizations on record
AFT-MDFAV 1
Comcast NBCUniversakUNF 1
COSTUNF 1
GOOD JOBS FIRSTFAV 1
MACPAUNF 2
MD Tech CouncilUNF 1
MDCEPFAV 1
Registered lobbyists who testified
UNFReynolds, PatrickCOSTRegistered for: AFT Maryland; AFT-Maryland; American Federation of Teachers - Maryland
UNFGriffin, AndrewMD 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…
UNFPrice, SarahMD Retailers AssociationRegistered for: Maryland Retailers Alliance; Maryland Retailers Association
UNFTabuteau, RichardMD Tech CouncilRegistered for: Bolt Technology OÜ dba Hopp; Boyd Gaming Corporation; ChargePoint; Chevy Chase Village; Elev8 Baltimore, Inc.; Fortinet…
UNFgraf, loriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association