|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 291 2002 LAWS OF MARYLAND
|
|
|
|
|
|
|
contributions "be included in the statement filed by the business entity as
though made directly by it" is deleted as implicit in the requirement that
the contributions be "attributed to the business entity" and reported by the
business entity under § 14-104 of this title. Similarly, in subsections (d)
and (e) of this section, respectively, the former phrases "included in the
statement filed by the parent" and "included in the statement of
contributions filed by the organization", respectively, are deleted.
Also in subsection (a) of this section, the former phrase "[f]or the purposes
of this title," is deleted as surplusage. Similarly, in subsections (d)(2) and
(e)(2) of this section, the former phrase "for purposes of this title" is
deleted.
In subsections (b) and (c) of this section, the former phrase "so that it may
be included in the statement filed by the business entity" is deleted as
surplusage. Similarly, in subsection (e) of this section, the former
requirement that a contribution is "[r]equired to be included in the
statement of contributions filed by the organization under this title" is
deleted.
In subsection (b) of this section, the disjunctive reference to each officer,
director, "or" partner of a business entity is substituted for the former
conjunctive, misleading, and ambiguous reference to each officer, director,
"and" partner of a business entity for clarity.
Also in subsection (b) of this section, the former reference to a contribution
"which, if made by the business entity, would have to be disclosed under
this title" is deleted as included in the attribution standard under
subsection (a) of this section.
Defined terms: "Business entity" § 14-101
"Contribution" § 1-101
14-106. CONTRACTS — TIME OF ATTRIBUTION.
IF A CONTRACT INVOLVES CONSIDERATION TO BE PAID OVER MULTIPLE
REPORTING PERIODS, THE TOTAL ASCERTAINABLE CONSIDERATION TO BE PAID
UNDER THE CONTRACT SHALL BE ATTRIBUTABLE TO THE DATE WHEN THE
CONTRACT IS MADE.
REVISOR'S NOTE: This section is new language derived without substantive
change from the second sentence of former Art. 33, § 14-101(b)(l).
The defined term "contract" is substituted for the former reference to an
"agreement" for consistency with other provisions of this title.
The reference to consideration "attributable to" the date of execution is
substituted for the former reference to "business done during" the
reporting period for clarity and consistency with the operative provisions of
this title.
|
|
|
|
|
|
|
|
Defined term: "Contract" § 14-101
|
|
|
|
|
|
|
- 2622 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|