Bill Number: SB0480
Bill Sponsor(s): Senator McCray
Subject: Budget and Taxation
Requiring a publicly traded corporation that is required to file a Maryland income tax return to attach a certain statement to the return identifying the corporation’s effective tax rate and an explanation of the calculation of the effective tax rate; requiring that the statement be made under oath, signed in a certain manner, subject to audit by the Comptroller, and treated as confidential taxpayer information; requiring the Comptroller to submit a certain report to the Governor and the General Assembly by March 1 each year; etc.
Members read more about our positioning within our Members Only section.