Corporate Income Tax Returns of Publicly Traded Corporations - Reporting Requirement
Sponsor: Lorig Charkoudian (District 20)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/29 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Requiring the Comptroller to submit to the Governor and the General Assembly by December 31, 2023, and each December 31 thereafter a report that identifies for the immediately preceding taxable year the number of publicly traded corporations conducting a trade or business in another state that are required to file an income tax return under the Act and the number of publicly traded corporations identified as part of the report that paid no amount of State income tax.
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Testimony (44)
MGA witness listFAV 18FavorableFWA 1Favorable with amendmentsUNF 25Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Smalls, Cindylobbyist | AFSCME | Written (PDF) |
| FAV | Mazerov, Michael | Center on Budget and Policy Priorities | Oral + Written (PDF) |
| FAV | Gardner, Matthew | Institute on Taxation and Economic Policy | Written (PDF) |
| FAV | Progressive Caucus, Lower Shore | Lower Shore Progressive Caucus | Written (PDF) |
| FAV | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Oral + Written (PDF) |
| FAV | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Oral + Written (PDF) |
| FAV | Slayton, Kevin | Maryland Fair Funding Coalition | Written (PDF) |
| FAV | Slayton, Kevin | Maryland Fair Funding Coalition | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Written (PDF) |
| FAV | Jervey, Trap | Maryland Rise | Written (PDF) |
| FAV | Jervey, Trap | Maryland Rise | Written (PDF) |
| FAV | Edwards, Donna | Maryland State & DC AFL-CIO | Written (PDF) |
| FAV | Charkoudian, Lorig | Individual | Written (PDF) |
| FAV | Charkoudian, Lorig | Individual | Oral + Written (PDF) |
| FAV | Delegate Charkoudian, Delegate Charkoudianlegislator | Individual | Oral |
| FAV | Delegate Charkoudian, Delegate Charkoudianlegislator | Individual | Oral |
| FAV | Simon, Travis | Individual | Written (PDF) |
| UNF | Garagiola, Rob | Compass Advocacy | Oral |
| UNF | Reynolds, Patricklobbyist | Council On State Taxation | Oral + Written (PDF) |
| UNF | Willey, Amy | Individual | Position only |
| UNF | Halpern, MB | Maryland Association of CPAs (MACPA) | Written (PDF) |
| UNF | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| UNF | Griffin, Andrewlobbyist | Maryland Chamber of Commerce | Oral + Written (PDF) |
| UNF | Price, Sarahlobbyist | Maryland Retailers Association | Oral |
| UNF | MSBA, Business Law Section Council and the Taxation Law Section | Maryland State Bar Association | Written (PDF) |
| UNF | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| UNF | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| UNF | Mayhew, Kim | Perry White Ross & Jacobson | Written (PDF) |
| UNF | Bagwell, Ashlielobbyist | Individual | Written (PDF) |
| UNF | Bagwell, Ashlielobbyist | Individual | Written (PDF) |
| UNF | Cirone, Christine | Individual | Position only |
| UNF | Costello, Christopherlobbyist | Individual | Written (PDF) |
| UNF | Diefenbach, Linda | Individual | Position only |
| UNF | D’Orazio , Daniela | Individual | Position only |
| UNF | Elbourn, James | Individual | Position only |
| UNF | Katz, Janet | Individual | Position only |
| UNF | Lang, Alan | Individual | Position only |
| UNF | Lang, Kevin | Individual | Position only |
| UNF | Lee, Mickey | Individual | Position only |
| UNF | Mercier, Ellie | Individual | Position only |
| UNF | Pedersen, Stacy | Individual | Position only |
| UNF | Williams, Peggy | Individual | Position only |
| FWA | Smalls, Cindylobbyist | AFSCME | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
UNFReynolds, PatrickCouncil On State TaxationRegistered for: AFT Maryland; AFT-Maryland; American Federation of Teachers - Maryland
UNFGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association
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
UNFLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce
UNFBagwell, AshlieRegistered for: AbbVie Inc.; Aligned Data Centers; American Academy of Anesthesiology Assistants, Inc.; Atmosphere Data Centers LLC; Baltimore Civic Fund, Inc.; Beltway Fine Wine…
UNFBagwell, AshlieRegistered for: AbbVie Inc.; Aligned Data Centers; American Academy of Anesthesiology Assistants, Inc.; Atmosphere Data Centers LLC; Baltimore Civic Fund, Inc.; Beltway Fine Wine…
UNFCostello, ChristopherRegistered for: Howard County Chamber of Commerce; Maryland Society of Professional Engineers; American Council of Engineering Companies/MD