Bill Number: SB0733
Bill Sponsor(s): President
Subject: Budget and Taxation
Repealing a requirement that an amendment to the Internal Revenue Code be enacted during the calendar year in which the taxable year that the amendment affects begins in order for the amendment not to impact the determination of Maryland taxable income; allowing an individual to itemize deductions to compute Maryland taxable income whether or not the individual itemizes deductions on the individual’s federal tax return; applying the Act to taxable years beginning after December 31, 2017; etc.
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