HB 357

Did not advance

Income Tax - Pass-Through Entity - Additional Tax

Sponsor: Julie Palakovich Carr (District 17)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

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, 2020; etc.

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Testimony (21)

MGA witness list

FAV 16FavorableUNF 5Unfavorable

Position	Witness	Organization	Testimony
FAV	Mazerov, Michael	Center on Budget and Policy Priorities	Oral + Written (PDF)
FAV	Ryan-Johnson, Antoinettte	City Union of Baltimore	Oral + Written (PDF)
FAV	Appletree, Roy	League of Women Voters of Maryland	Written (PDF)
FAV	Meyer, Christopherlobbyist	MD Center for Economic Policy	Position only
FAV	Meyer, Christopherlobbyist	MD Center on Economic Policy	Written (PDF)
FAV	Ahart, Jessi	Maryland Communities United	Written (PDF)
FAV	Slayton, Kevin	Maryland Fair Funding Coalition	Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Written (PDF)
FAV	Bogdan, Henrylobbyist	Maryland Nonprofits	Written (PDF)
FAV	Heavner, Brad	Maryland PIRG	Written (PDF)
FAV	Edwards, Donna	Maryland State and DC AFL-CIO	Written (PDF)
FAV	Elliott, Richard DeShay	Prince George's County Young Democrats	Written (PDF)
FAV	Delegate Palakovich Carr, Delegate Palakovich Carrlegislator	Individual	Position only
FAV	Palakovich Carr, Julie	Individual	Written (PDF)
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Smalls, Cindylobbyist	Individual	Written (PDF)
UNF	Fry, Donald	Greater Baltimore Committee	Written (PDF)
UNF	McCulloch, Champe	Maryland AGC	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Written (PDF)
UNF	O'Halloran, Mike	Individual	Written (PDF)

Organizations on record

Center on Budget and Policy PrioritiesFAV 1

City Union of BaltimoreFAV 1

Greater Baltimore CommitteeUNF 1

League of Women Voters of MarylandFAV 1

Maryland AGCUNF 1

Maryland Building Industry AssociationUNF 1

Maryland Chamber of CommerceUNF 1

Maryland Communities UnitedFAV 1

Maryland Fair Funding CoalitionFAV 1

Maryland Legislative CoalitionFAV 1

Maryland NonprofitsFAV 1

Maryland PIRGFAV 1

Maryland State and DC AFL-CIOFAV 1

MD Center for Economic PolicyFAV 1

MD Center on Economic PolicyFAV 1

Prince George's County Young DemocratsFAV 1

Registered lobbyists who testified

FAVMeyer, ChristopherMD Center for Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVMeyer, ChristopherMD Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVBogdan, HenryMaryland NonprofitsRegistered for: Maryland Nonprofits

FAVRiley, DeniseRegistered for: American Federation of Teachers - Maryland

FAVSmalls, CindyRegistered for: AFSCME IU

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…