On March 23, 2021, Walter Calvert, Norman Lencz, and Liz Stieff published “3 Key Improvements to Maryland Pass-Through Entity Tax” in Law360. The following is an excerpt:
For all taxable years beginning after Dec. 31, 2019, a pass-through entity, or PTE, with Maryland-source income now can elect to be taxed at the PTE level, rather than the owner level, with respect to its owners on the PTE's Maryland-source income for Maryland state and local income tax purposes.
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