Income Tax - Captive Real Estate Investment Trusts - Alterations
Sponsor: Nancy J. King (District 39)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 478 (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering the definition of 'captive REIT' for purposes of a certain addition modification under the Maryland income tax in the amount of the federal dividends paid deduction for captive real estate investment trusts to exclude, under certain circumstances, corporations, trusts, or associations owned or controlled by certain qualified foreign entities and certain trusts owned or controlled by a listed Australian property trust.
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Testimony (9)
MGA witness listFAV 9Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Pittman, Steuart | Anne Arundel County Executive | Written (PDF) |
| FAV | Gregory, Jamielobbyist | Calfee | Oral + Written (PDF) |
| FAV | Johansen, Michaellobbyist | RWL | Oral |
| FAV | Johansen, Michaellobbyist | RWL | Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | Nancy King, Senator | Individual | Written (PDF) |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |
Organizations on record
Registered lobbyists who testified
FAVGregory, JamieCalfeeRegistered for: Airbnb, Inc.; Consumer Action for a Strong Economy; First American Title Insurance Company; Omega Flex, Inc; Unibail-Rodamco-Westfield; Leda Health…
FAVJohansen, MichaelRWLRegistered for: 1/ST Racing MD LLC; ASC Engineered Solutions; Access Holdings Management Company, LLC; Alterwood Health, Inc.; Ashley, Inc.; Baltimore Streetcar Museum…
FAVJohansen, MichaelRWLRegistered for: 1/ST Racing MD LLC; ASC Engineered Solutions; Access Holdings Management Company, LLC; Alterwood Health, Inc.; Ashley, Inc.; Baltimore Streetcar Museum…
