Effective Corporate Tax Rate Transparency Act of 2021
Sponsor: Lorig Charkoudian (District 20)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 1/28 at 1:30 p.m. (as of Dec 1, 2021)
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 (12)
MGA witness listFAV 7FavorableUNF 5Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Mazerov, Michael | Center on Budget and Policy Priorities | Oral + Written (PDF) |
| FAV | Gardner, Matthew | Institute on Taxation and Economic Policy | Oral + Written (PDF) |
| FAV | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Oral + Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Written (PDF) |
| FAV | Edwards, Donna | Maryland State and DC AFL-CIO | Written (PDF) |
| FAV | Charkoudian, Lorig | Individual | Written (PDF) |
| FAV | Delegate Charkoudian, Delegate Charkoudianlegislator | Individual | Position only |
| UNF | Do, Stephanie | Council On State Taxation | Oral + Written (PDF) |
| UNF | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| UNF | Griffin, Andrewlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| UNF | Price, Sarahlobbyist | Maryland Retailers Association | Written (PDF) |
| UNF | Swanson, Tricia | Montgomery County Chamber of Commerce | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
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…
UNFPrice, SarahMaryland Retailers AssociationRegistered for: Maryland Retailers Alliance; Maryland Retailers Association