Corporate Income Tax – Federal Repatriation Holiday

Bill Number:  SB0166

Bill Sponsor(s): 

Subject:  Budget and Taxation

Bill Summary:

Providing a subtraction modification under the Maryland corporate income tax for certain dividends included in federal taxable income as a result of a certain repatriation holiday enacted by federal legislation; requiring the Comptroller to provide for the administration of the Act if certain federal legislation is enacted; applying the Act to all taxable years beginning after December 31, 2017; etc.

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