Income Tax - Expensing of Business Property - Recoupling With Federal Law
Sponsor: Chris West (District 42)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Unfavorable Report by Budget and Taxation; Withdrawn (as of Nov 15, 2022)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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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 (9)
MGA witness listFAV 8FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bennett, Tylerlobbyist | Compass GR on behalf of MAJ | Oral + Written (PDF) |
| FAV | Voytek, Maddy | MD Chamber of Commerce | Written (PDF) |
| FAV | Galiazzo, Michael | Regional Manufacturing Institute of Maryland | Oral + Written (PDF) |
| FAV | West, Christopher | Senator Chris West | Written (PDF) |
| FAV | Krone, Christinelobbyist | Individual | Oral + Written (PDF) |
| FAV | Redicker, Jane | Individual | Written (PDF) |
| FAV | Senator West, Senator Westlegislator | Individual | Oral |
| FAV | Weber, Jack | Individual | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
Organizations on record
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…
FAVKrone, ChristineRegistered for: American Coatings Association; Baltimore Gas and Electric Company; City of Rockville; Coordinating Center for Home and Community Care, The, LLC (dba The Coordinating Center); Greater Washington Society for Clinical Social Work, Inc.; LifeSpan Network…