Income Tax – Out–of–State Taxes Paid by Pass–Through Entities – Addition Modification
Sponsor: Guy Guzzone (District 13)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 445 (as of Nov 9, 2023)
What this bill does
Official synopsis
Providing, for taxable years beginning after December 31, 2022, an addition modification under the Maryland income tax for the amount of a certain tax credit claimed for certain taxes paid to another state by a pass-through entity under certain circumstances.
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Testimony (9)
MGA witness listFAV 6FavorableFWA 3Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | State Tax Committee, MACPA | MACPA State Tax Committee | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Hayes, Justin | Office of the Maryland Comptroller | Oral + Written (PDF) |
| FAV | Riley, Deniselobbyist | Individual | Written (PDF) |
| FAV | Senator Guzzone, Senator Guzzonelegislator | Individual | Oral |
| FAV | Senator Guzzone, Senator Guzzonelegislator | Individual | Oral |
| FWA | Halpern, MB | Maryland Association of CPAs (MACPA) | Written (PDF) |
| FWA | Gorman, Debora | Individual | Oral |
| FWA | sermon, krista | Individual | Oral + Written (PDF) |