Bill
Bill > SB724
summary
Introduced
02/07/2022
02/07/2022
In Committee
04/08/2022
04/08/2022
Crossed Over
03/31/2022
03/31/2022
Passed
04/11/2022
04/11/2022
Dead
Signed/Enacted/Adopted
05/29/2022
05/29/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT concerning Gross Receipts Tax on Short-Term Lease or Rental of Heavy Equipment - Alterations FOR the purpose of exempting governments from the tax on gross receipts from the short-term lease or rental of heavy equipment property; repealing a requirement that a person with gross receipts subject to tax to report certain information to the county or municipal corporation where the heavy equipment rental business is located; and generally relating to the taxation of short-term leases and rentals of heavy equipment. BY repealing and reenacting, with amendments, Article - Local Government Section 20-609 Annotated Code of Maryland (2013 Volume and 2021 Supplement)
AI Summary
This bill exempts governments from the tax on gross receipts from the short-term lease or rental of heavy equipment property. It also repeals a requirement that a person with gross receipts subject to this tax report certain information to the county or municipal corporation where the heavy equipment rental business is located. Additionally, the bill removes provisions related to calculating the difference between the total gross receipts tax remitted and the amount of property tax that would have been due, as well as the requirement to provide an annual statement to the business owner.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 635 (on 05/29/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0724?ys=2022RS |
| BillText | https://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_635_sb0724t.pdf |
| Vote Image | https://mgaleg.maryland.gov/2022RS/votes_comm/sb0724_hru.pdf |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0724t.pdf |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0724f.pdf |
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