1. Why must this information report be filed?

Legislation was passed during the 2007 special session of the Maryland General Assembly (Chapter 3 of the Acts of 2007), which was amended during the 2008 Session (Chapters 177 and 178 of the Acts of 2008), that requires some corporations to report certain information to the State of Maryland. The Comptroller's Office is required to collect, compile and analyze this information and to report to the Governor and the General Assembly the fiscal effect of implementing a combined reporting corporate income tax regime and several other corporate income tax changes, as well as other statistical information about Maryland's current corporate income tax.