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SB 596

Did not advanceCrossfile HB 321
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Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief

Sponsor: Guy Guzzone (District 13)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/23 at 1:00 p.m. (as of Nov 15, 2022)

What this bill does

Official synopsis

Providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain corporation's deferred tax assets or liabilities that are the result of Chapters 341 and 342 of the Acts of the General Assembly of 2018; providing that the subtraction modification may be claimed only for 10 consecutive taxable years beginning with the first taxable year that begins after December 31, 2031; etc.

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Testimony (11)

MGA witness list
FAV 8FavorableUNF 3Unfavorable

Organizations on record

Registered lobbyists who testified

FAVPrice, SarahMaryland Retailers AssociationRegistered for: Maryland Retailers Alliance; Maryland Retailers Association
FAVPatton, TylerVerizon Maryland & D.C.Registered for: Verizon Communications
FAVCarroll, ChristopherRegistered for: Comcast Cable Communications Management, LLC; AT&T
UNFClark, RachelEvans & Associates, LLCRegistered for: Accenture LLP; Arundel Amusements/Bingo World; Brady Campaign to Prevent Gun Violence; CALSTART; Carvana; Fraternal Order of Police, Lodge 89
UNFSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy