Income Tax – Calculation of Taxable Income – Investments in Sustainable Materials Management Projects
Sponsor: Katie Fry Hester (District 9)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 3/10 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for certain capital gains invested in or realized from a certain sustainable materials management project under certain circumstances; and requiring certain taxpayers to add certain capital gains previously excluded from income to determine Maryland adjusted gross income or Maryland modified income under certain circumstances.
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Testimony (8)
MGA witness listFAV 6FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ettinger, Peter | Bioenergy Devco | Oral |
| FAV | Lambert, Miguel | Harford Minerals - Repurpose Aggregates | Oral + Written (PDF) |
| FAV | Fry Hester, Katie | Maryland Senate | Oral + Written (PDF) |
| FAV | Pooler, Rick | Upland Road Advisors | Oral |
| FAV | Greenfield, Aaronlobbyist | Individual | Oral + Written (PDF) |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| UNF | Love, William | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVGreenfield, AaronRegistered for: BTS Bioenergy; Baltimore Area Council Boy Scouts of America, Inc.; Embassy of Japan; Ernst & Young, LLP; FEi Systems; Goodwill Industries of the Chesapeake…