Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsor: Karen Lewis Young (District 3)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 1/22 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for amounts of ordinary and necessary expenses paid or incurred during the taxable year, including a reasonable allowance for salaries and certain other compensation, in carrying on a trade or business as a certain medical cannabis grower, processor, dispensary, or independent testing laboratory; applying the Act to taxable years beginning after December 31, 2019; etc.
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Testimony (13)
MGA witness listFAV 13Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bryce, Joe | CANMD | Oral |
| FAV | Wiseman, Hope | Mary and Main | Oral |
| FAV | Godwin, Gigi | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Darby, Anthony | Peninsula Alternative Health | Oral |
| FAV | Graf, Marji | Rockville Chamber of Commerce | Written (PDF) |
| FAV | Bishop, Stephen | SC&H Group | Oral |
| FAV | Alston, Bryanlobbyist | State Circle Strategies | Written (PDF) |
| FAV | Alston, Bryanlobbyist | State Circle Strategies | Position only |
| FAV | Bishop, CPA, Stephen | Stout, Causey, and Horning | Written (PDF) |
| FAV | Italiano, Ginanne | The Greater Bethesda Chamber of Commerce | Written (PDF) |
| FAV | Bagwell, Ashlielobbyist | The Maryland Medical Dispensary Association | Oral |
| FAV | Bagwell, Ashlielobbyist | The Maryland Medical Dispensary Association | Written (PDF) |
| FAV | Young, Senator | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVAlston, BryanState Circle StrategiesRegistered for: Maryland Alliance of State Aided Organizations; Baltimore City Community College; CHA, Inc. dba Mary & Main Dispensary; Bon Secours Community Works; B-360 Baltimore; GEDCO (Govans Ecumenical Development Corporation)…
FAVAlston, BryanState Circle StrategiesRegistered for: Maryland Alliance of State Aided Organizations; Baltimore City Community College; CHA, Inc. dba Mary & Main Dispensary; Bon Secours Community Works; B-360 Baltimore; GEDCO (Govans Ecumenical Development Corporation)…
FAVBagwell, AshlieThe Maryland Medical Dispensary AssociationRegistered for: AbbVie Inc.; Aligned Data Centers; American Academy of Anesthesiology Assistants, Inc.; Atmosphere Data Centers LLC; Baltimore Civic Fund, Inc.; Beltway Fine Wine…
FAVBagwell, AshlieThe Maryland Medical Dispensary AssociationRegistered for: AbbVie Inc.; Aligned Data Centers; American Academy of Anesthesiology Assistants, Inc.; Atmosphere Data Centers LLC; Baltimore Civic Fund, Inc.; Beltway Fine Wine…
