Corporate Income Tax – Combined Reporting

Bill Number:  SB0377

Bill Sponsor(s):  Senator Pinsky

Subject:  Budget and Taxation

Bill Summary:

Requiring certain corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using a certain method; requiring, subject to regulations adopted by the Comptroller, certain groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to adopt certain regulations; etc.

Members read more about our positioning within our Members Only section.