HB 457

Did not advance

Corporate Income Tax - Throwback Rule and Combined Reporting

Sponsor: Mary A. Lehman (District 21)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/09 at 1:00 p.m. (as of Nov 15, 2022)

What this bill does

Official synopsis

Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (32)

MGA witness list

FAV 20FavorableUNF 10UnfavorableINFO 2Information only

Position	Witness	Organization	Testimony
FAV	Smalls, Cindylobbyist	AFSCME	Written (PDF)
FAV	Mazerov, Michael	Center on Budget and Policy Priorities	Oral + Written (PDF)
FAV	Lehman, Mary	MGA	Written (PDF)
FAV	Schumitz, Kalilobbyist	Maryland Center on Economic Policy	Written (PDF)
FAV	Slayton, Kevin	Maryland Fair Funding Coalition	Oral + Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Oral + Written (PDF)
FAV	Bogdan, Henrylobbyist	Maryland Nonprofits	Written (PDF)
FAV	Zwerling, Samanthalobbyist	Maryland State Education Association	Written (PDF)
FAV	Edwards, Donna	Maryland State and DC AFL-CIO	Oral + Written (PDF)
FAV	Ottinger, Larry	Our Maryland	Written (PDF)
FAV	Cavanagh, Terry	SEIU Maryland & DC State Council	Written (PDF)
FAV	Wilkerson, Alicelobbyist	Strong Future Maryland	Written (PDF)
FAV	Gardiner, Shamoyialobbyist	Strong Schools Maryland	Oral + Written (PDF)
FAV	Delegate Lehman, Delegate Lehmanlegislator	Individual	Oral
FAV	Golombek, Daniel	Individual	Written (PDF)
FAV	Hicks, Myleslobbyist	Individual	Written (PDF)
FAV	King, Shawnice	Individual	Written (PDF)
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Simon, Travis	Individual	Written (PDF)
FAV	Stern, Isadoralobbyist	Individual	Written (PDF)
UNF	Marczyk, Bernielobbyist	Cornerstone Government Affairs	Oral
UNF	Reynolds, Patricklobbyist	Council On State Taxation	Oral + Written (PDF)
UNF	Celentano, Matthewlobbyist	Funk & Bolton, P.A.	Written (PDF)
UNF	Beeson, Meredith	Global Business Alliance	Written (PDF)
UNF	Fry, Donald	Greater Baltimore Committee	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Oral + Written (PDF)
UNF	Price, Sarahlobbyist	Maryland Retailers Association	Oral
UNF	Levine, Brianlobbyist	Montgomery County Chamber of Commerce	Written (PDF)
UNF	Harting, Martalobbyist	Venable	Written (PDF)
UNF	Kasemeyer, Pam	Individual	Written (PDF)
INFO	Tchantchou, Kevine	Lith Home LLC	Position only
INFO	Halpern, MB	Maryland Association of CPAs (MACPA)	Written (PDF)

Organizations on record

AFSCMEFAV 1

Center on Budget and Policy PrioritiesFAV 1

Cornerstone Government AffairsUNF 1

Council On State TaxationUNF 1

Funk & Bolton, P.A.UNF 1

Global Business AllianceUNF 1

Greater Baltimore CommitteeUNF 1

Lith Home LLCINFO 1

Maryland Association of CPAs (MACPA)INFO 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Fair Funding CoalitionFAV 1

Maryland Legislative CoalitionFAV 1

Maryland NonprofitsFAV 1

Maryland Retailers AssociationUNF 1

Maryland State and DC AFL-CIOFAV 1

Maryland State Education AssociationFAV 1

MGAFAV 1

Montgomery County Chamber of CommerceUNF 1

Our MarylandFAV 1

SEIU Maryland & DC State CouncilFAV 1

Strong Future MarylandFAV 1

Strong Schools MarylandFAV 1

VenableUNF 1

Registered lobbyists who testified

FAVSmalls, CindyAFSCMERegistered for: AFSCME IU

FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVBogdan, HenryMaryland NonprofitsRegistered for: Maryland Nonprofits

FAVZwerling, SamanthaMaryland State Education AssociationRegistered for: Maryland State Education Association

FAVWilkerson, AliceStrong Future MarylandRegistered for: Advance Maryland

FAVGardiner, ShamoyiaStrong Schools MarylandRegistered for: Strong Schools Maryland, care of The Fund for Educational Excellence

FAVHicks, MylesRegistered for: Marylanders to Prevent Gun Violence

FAVRiley, DeniseRegistered for: American Federation of Teachers - Maryland

FAVStern, IsadoraRegistered for: Maryland Consumer Rights Coalition

UNFMarczyk, BernieCornerstone Government AffairsRegistered for: Adobe Inc.; American Petroleum Institute; Amgen, Inc.; Annie E. Casey Foundation, Inc., The; AstraZeneca Pharmaceuticals, LP; Baltimore County Public Library Board of Trustees…

UNFReynolds, PatrickCouncil On State TaxationRegistered for: AFT Maryland; AFT-Maryland; American Federation of Teachers - Maryland

UNFCelentano, MatthewFunk & Bolton, P.A.Registered for: 38 Degrees North; Advanced Energy United; Alliance of Maryland Dental Plans; Allstate Insurance Company; America's Health Insurance Plans; American Council of Life Insurers…

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

UNFLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce

UNFHarting, MartaVenableRegistered for: Abbott Laboratories; Annie E. Casey Foundation, Inc., The; Asurion Insurance Services, Inc.; Baltimore Community Foundation; Baltimore Gas and Electric Company; Baltimore Public Markets Corporation…