Small Business Fairness Act

Bill Number:  SB0076

Bill Sponsor(s):  Senator Young

Subject:  Budget and Taxation

Bill Summary:

Requiring affiliated retail trade and food services corporations with multiple locations to compute Maryland taxable income using a combined reporting method; requiring, subject to regulations, certain groups of retail trade and food services corporations to file income tax returns reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to report to the General Assembly by March 31 each year an estimate of the total additional tax revenue resulting from the combined reporting method; etc.

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