2022 Regular SessionMaryland Legislature

SB361: Income Tax - Carried Interest - Additional Tax

Legislative Summary

Imposing a tax of 17% on the Maryland taxable income attributable to certain investment management services of an individual or a corporation or the distributive share of a pass-through entity; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; and terminating the Act if certain federal legislation is enacted into law.

Bill History

1/21/2022
First Reading Budget and Taxation
Senate
1/26/2022
Hearing 2/09 at 1:00 p.m.
Senate

Status Information

Current Status
Introduced(1/21/2022)
Chamber
Senate
Committee
Budget and Taxation(Senate)
Sine Die

Documents

Introduced
Bill Text1/21/2022126.0 KB