Business Tax Reporting Subcommittee

This subcommittee will address the statutory directives of "recommendations for changes to the State's business tax structure to provide for fair and equitable taxation for all corporations and other business entities doing business in the State," and specifically: (i) "the imposition of combined reporting using the 'water's edge method' under the corporate income tax for unitary groups of affiliated corporations," and (ii) the "imposition of other types of business taxes, in lieu of or in addition to the current taxes imposed, including gross receipts taxes, value added taxes, and alternative minimum taxes."

Subcommittee Members

Raymond Wacks, Chairman

Delegate Kumar Barve

Delegate D. Page Elmore

Michael Ettlinger

Secretary T. Eloise Foster

Senator Nancy J. King

Martin Lobel

Paul Nolan

Karen Syrylo

Subcommittee Meeting Dates

October 22, 2009

•      Key Responsibility
•      Minutes

November 5, 2009

• Agenda
• Minutes
• Articles of Interest

  Industrial Policy

  Toward Tax Reform
      With a special interest placed on the following articles:

  • Tax Policy Should Encourage U.S. Investment and Growth, p. 16
  • Remove the Return, p. 40
  • The Terrible State of the Tax Base, p. 54
  • Simplifiying the Tax System Will Help Our Economy, p. 66

  State Tax Administration

  Principles of a High-Quality State Revenue System

  Understanding Tax Reform: A Guide to 21st Century Alternatives
      With special interest placed on the Executive Summary, p. ix

  Guiding Principles of Good Tax Policy: A Framework for Evaluating Tax Proposals

  Statement of Tax Executives Institute on Guideposts for Tax Reform

  Economic and Fiscal Impact Analysis of Maryland Tax Policy Options

November 19, 2009

• Agenda
• Minutes