Income Tax - Expensing of Business Property - Recoupling With Federal Law (Maryland Manufacturing Tax Relief Act of 2022)
Sponsor: Lily Qi (District 15)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/23 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Repealing Maryland income tax modifications for certain deductions for the cost of business property that is treated as an expense for federal income tax purposes; and applying the Act to all taxable years beginning after December 31, 2021.
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Testimony (15)
MGA witness listFAV 13FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Sanchez, Kenneth | Chesapeake Specialty Products, Inc. | Written (PDF) |
| FAV | Bennett, Tylerlobbyist | Compass GR on behalf of MAJ | Oral + Written (PDF) |
| FAV | Holmes, Kathryn | K and W Finishing Inc | Oral |
| FAV | Ganz, Susan | Lion Brothers | Oral |
| FAV | GREENBLATT, DREW | MARLIN STEEL WIRE PRODUCTS LLC | Oral |
| FAV | Voytek, Maddy | MD Chamber of Commerce | Written (PDF) |
| FAV | Kelleher, Mike | MD Manufacturing Extension Partnership | Oral + Written (PDF) |
| FAV | O'Halloran, Mike | NFIB | Written (PDF) |
| FAV | Galiazzo, Michael | Regional Manufacturing Institute of Maryland | Oral + Written (PDF) |
| FAV | Delegate Qi, Delegate Qilegislator | Individual | Oral |
| FAV | Kasemeyer, Pam | Individual | Written (PDF) |
| FAV | Redicker, Jane | Individual | Written (PDF) |
| FAV | Weber, Jack | Individual | Oral + Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| INFO | Fulginiti, Andrew | Maryland Department of Labor | Written (PDF) |
Organizations on record
Lion BrothersFAV 1
NFIBFAV 1
Registered lobbyists who testified
FAVBennett, TylerCompass GR on behalf of MAJRegistered for: AGC; American Fidelity; Bamboo Health; Brigit, Inc; CFG Health Network; Circular Action Alliance…