Foreign Ownership
Maryland 2021 Regular Session
Corporate Tax Fairness Act of 2021 [SB-511]
Requiring that certain sales of tangible personal property be included in the numerator of the sales factor used for apportioning a corporation's income to the State under certain circumstances; requiring certain corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using a certain method; etc.
Sponsored by: Sen. Delores Kelley
Hearing 2/03 At 1:00 P.m. on 01/25/2021
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Gettr Maryland 2021 Regular Session
Foreign Corporations - Resident Agents - State Department of Assessments and Taxation [SB-320]
Authorizing a foreign corporation to certify that the State Department of Assessments and Taxation is the corporation's resident agent when registering or qualifying with the Department; and authorizing the Department to act as a resident agent for a foreign corporation that does business in the State without a resident agent or with a resident agent who cannot be found or served with the exercise of reasonable diligence.
Sponsored by: Sen.
Hearing 1/14 At 11:00 A.m. on 12/28/2021
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Maryland 2018 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [SB-865]
Clarifying the term of a certain director of a corporation elected to fill a vacancy; altering the authority of and circumstances in which certain holders of stock may take certain action or consent to a certain action by delivering a consent in writing or by electronic transmission; clarifying the time by which a parent corporation is required to provide a certain notice in a certain merger; altering a certain notice requirement for a certain parent corporation in a certain merger; etc.
Sponsored by: Sen. Brian Feldman
Unfavorable Report By Economic Matters on 04/09/2018
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Maryland 2018 Regular Session
Income Tax - Subtraction Modification - Foreign Government Employer-Sponsored Retirement Plans [SB-523]
Including income from retirement plans qualified under certain laws of a foreign government within a certain subtraction modification allowed under the Maryland income tax only if it is attributable to work performed within the United States in collaboration with the United States Government for certain individuals who are at least 65 years of age or who are disabled or whose spouse is disabled; applying the Act to taxable years beginning after December 31, 2017; etc.
Sponsored by: Sen. Susan Lee
Hearing 2/21 At 1:00 P.m. on 02/21/2018
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Maryland 2018 Regular Session
Nonstock Corporations – Consolidations, Mergers, and Conversions [SB-41]
Specifying that certain authority of a nonstock corporation to convert applies only to a Maryland nonstock corporation; authorizing a foreign nonstock corporation to convert into a Maryland nonstock corporation; and prohibiting a foreign nonstock corporation from converting into a Maryland corporation that has the authority to issue stock.
Sponsored by: Sen.
Approved By The Governor - Chapter 100 on 04/10/2018
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Maryland 2018 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [HB-1095]
Clarifying the term of a certain director of a corporation elected to fill a vacancy; altering the authority of and circumstances in which certain holders of stock may take certain action or consent to a certain action by delivering a consent in writing or by electronic transmission; altering a certain voting process of stockholders of different classes; clarifying the time by which a parent corporation is required to provide a certain notice in a certain merger; etc.
Sponsored by: Sen. Chris West
Unfavorable Report By Economic Matters on 04/09/2018
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Maryland 2019 Regular Session
Small Business Fairness Act [SB-76]
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.
Sponsored by: Sen. James Rosapepe
Hearing 1/30 At 2:00 P.m. on 01/11/2019
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Maryland 2019 Regular Session
Election Law - Election Service Providers - Contract Clauses and Termination of Contract [SB-743]
Prohibiting the State Board of Elections from approving a contract with an election service provider unless the contract includes a clause regarding notice of ownership of, investment in, or control of the election service provider by a foreign national; authorizing the State Administrator of Elections to terminate the contract with an election service provider on the making of a certain determination; requiring the Administrator to provide notice in writing of the termination and the reasons for terminating the contract; etc.
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 403 on 05/13/2019
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Maryland 2019 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [SB-137]
Clarifying voting procedures in certain cumulative voting elections; clarifying the term of a certain director of a corporation elected to fill a vacancy; altering the authority of certain holders of stock to take or consent to certain action; altering the circumstances in which certain holders of stock may take certain action or consent to a certain action by delivering a consent in writing or by electronic transmission; clarifying the time by which a parent corporation is required to provide a certain notice in a certain merger; etc.
Sponsored by: Sen. Jeff Waldstreicher
Approved By The Governor - Chapter 289 on 04/30/2019
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Maryland 2016 Regular Session
Financial Institutions - Single-Party and Multiple-Party Accounts - Right to Funds on Death of a Party [SB-772]
Requiring that funds in a specified account be transferred on the death of a party to the account to the deceased party's estate; requiring that agreement for specified accounts opened on or after October 1, 2016, contain specified provisions; requiring a depository institution, for specified accounts, to give the account party or parties a specified form; requiring that specified materials be given to a party or parties before a depository institution establishes a specified type of account or modifies a specified account; etc.
Sponsored by: Sen. Thomas Miller
Unfavorable Report By Finance; Withdrawn on 03/09/2016
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Maryland 2016 Regular Session
Election Law - Ballot Issues - Contributions or Donations by Foreign Nationals [SB-420]
Prohibiting a foreign national from making a contribution to a ballot issue committee or making a donation to a person that makes independent expenditures or electioneering communications relating to a ballot issue; and defining a specified term.
Sponsored by: Sen. Bryan Simonaire
Hearing 3/30 At 1:00 P.m. on 03/30/2016
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Maryland 2016 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [SB-1065]
Prohibiting the charter or bylaws of a corporation from imposing liability on a specified stockholder for the attorney's fees or expenses of the corporation or any other party in connection with an internal corporate claim; authorizing the charter or bylaws of a corporation, consistent with jurisdictional requirements, to require that internal corporate claims be brought only in specified courts; etc.
Sponsored by: Sen. Brian Feldman
Hearing 3/17 At 1:00 P.m. on 03/17/2016
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Maryland 2016 Regular Session
Corporations - Formation of a Holding Company by Merger [SB-1056]
Establishing a process for the formation of a specified holding company through the merger of a Maryland parent corporation with or into a specified wholly owned subsidiary of the Maryland parent corporation; providing that a vote of the stockholders of the parent corporation is not necessary to authorize the merger except under specified circumstances; requiring that the merger be approved by a majority of the entire board of directors of the parent corporation; etc.
Sponsored by: Sen. Brian Feldman
Hearing 3/17 At 1:00 P.m. on 03/17/2016
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Maryland 2016 Regular Session
Corporations and Associations - Limited Liability Companies - Resident Agent and Company Representative [HB-201]
Requiring a specified limited liability company to have a company representative; requiring the articles of organization, articles of cancellation, and articles of reinstatement of a limited liability company to include the street address of its resident agent and the name and street address of the company representative; applying to a company representative provisions of law relating to a change of a resident agent, a change of address of a resident agent, or a resignation of a resident agent of a limited liability company; etc.
Sponsored by: Rep. Stephen Lafferty
Unfavorable Report By Economic Matters on 02/09/2016
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Maryland 2016 Regular Session
Financial Institutions - Commissioner of Financial Regulation - Disclosure and Sharing of Information [HB-188]
Reorganizing and consolidating provisions of law relating to the disclosure of specified information by the Commissioner of Financial Regulation and specified other persons and the authority of the Commissioner to enter into information sharing agreements and exchange information; prohibiting specified persons from disclosing information obtained or generated in the course of exercising the Commissioner's authority to examine persons required to be licensed under specified provisions of law, banking institutions, and credit unions; etc.
Sponsored by: Rep.
Approved By The Governor - Chapter 478 on 05/10/2016
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Maryland 2016 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [HB-1544]
Prohibiting the charter or bylaws of a corporation from imposing liability on a specified stockholder for the attorney's fees or expenses of the corporation or any other party in connection with an internal corporate claim; authorizing the charter or bylaws of a corporation, consistent with jurisdictional requirements, to require that internal corporate claims be brought only in specified courts; etc.
Sponsored by: Sen. Benjamin Kramer
First Reading House Rules And Executive Nominations on 02/19/2016
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Maryland 2016 Regular Session
Corporations - Formation of a Holding Company by Merger [HB-1513]
Establishing a process for the formation of a specified holding company through the merger of a Maryland parent corporation with or into a specified wholly owned subsidiary of the Maryland parent corporation; providing that a vote of the stockholders of the parent corporation is not necessary to authorize the merger except under specified circumstances; requiring that the merger be approved by a majority of the entire board of directors of the parent corporation; etc.
Sponsored by: Sen. Benjamin Kramer
First Reading House Rules And Executive Nominations on 02/17/2016
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Maryland 2016 Regular Session
Annual Reports and Personal Property Reports - Fees, Exemption, and Affidavit [HB-135]
Altering the fee that specified business entities must pay for filing a required annual report with the State Department of Assessments and Taxation; exempting a person who did not own specified property during the preceding calendar year from submitting a report on personal property to the Department; requiring the person to submit an affidavit attesting that the person has no tax liability for the taxable period to the Department on or before April 15; specifying the form and contents of the affidavit; etc.
Sponsored by: Rep. Frank Turner
Unfavorable Report By Economic Matters on 02/29/2016
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Maryland 2016 Regular Session
Financial Institutions - Single-Party and Multiple-Party Accounts - Right to Funds on Death of a Party [HB-1314]
Requiring that funds in a specified account be transferred on the death of a party to the account to the deceased party's estate; requiring that agreements for specified accounts opened on or after October 1, 2016, contain specified provisions; requiring a depository institution, for specified accounts, to give the account party or parties a specified form; requiring that specified materials be given to a party or parties before a depository institution establishes a specified type of account or modifies a specified account; etc.
Sponsored by: Rep. The Speaker
Unfavorable Report By Economic Matters; Withdrawn on 03/08/2016
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Maryland 2015 Regular Session
Insurance - Standard Valuation Law and Reserve and Nonforfeiture Requirements [SB-573]
Establishing requirements relating to the reserves and opinions relating to the reserves for specified life insurance policies, accident and health insurance contracts, and deposit-type contracts issued by specified companies on or after the operative date of a specified valuation manual; authorizing the Maryland Insurance Commissioner to exempt a domestic company from specified reserve requirements and specified information submission requirements under specified circumstances; etc.
Sponsored by: Sen. Delores Kelley
Approved By The Governor - Chapter 367 on 05/12/2015