File Code: Income
Crossfiled with: HOUSE BILL 840
- Sponsored By:
-
Senators Hogan, Lawlah, Neall, Astle, DeGrange, Roesser, Baker,
Dyson, Bromwell, Munson, Haines, Jacobs, Hooper, Madden, Hafer, Harris,
Mooney, Colburn, Stoltzfus, and McCabe
- Entitled:
-
Income Tax Reduction
Reducing the top marginal tax rate under the Maryland State income tax
on individuals to 4.8% for tax year 1999 and to 4.75% for tax years
2000 and 2001; increasing the amount that an individual may deduct for
specified exemptions to determine Maryland taxable income to $2,100
for tax year 1999 and to $2,400 for tax years 2000 and 2001; reducing
the maximum amount of a subtraction allowed for two-income married
couples to $1,125 for tax year 1999 and to $1,105 for tax years 2000
and 2001; etc.
Senate Action
- 2/5
- First Reading Budget and Taxation
- 2/10
- Hearing 2/24 at 1:30 p.m.
House Action
- No Action
- Sponsored by:
- Senator Patrick J. Hogan, District 39
- Senator John C. Astle, District 30
- Senator Walter M. Baker, District 36
- Senator Thomas L. Bromwell, District 8
- Senator Richard F. Colburn, District 37
- Senator James E. DeGrange, Sr., District 32
- Senator Roy P. Dyson, District 29
- Senator John J. Hafer, District 1
- Senator Larry E. Haines, District 5
- Senator Andrew P. Harris, District 9
- Senator J. Robert Hooper, District 35
- Senator Nancy Jacobs, District 34
- Senator Gloria Lawlah, District 26
- Senator Martin G. Madden, District 13
- Senator Christopher J. McCabe, District 14
- Senator Alexander X. Mooney, District 3
- Senator Donald F. Munson, District 2
- Senator Robert R. Neall, District 33
- Senator Jean W. Roesser, District 15
- Senator J. Lowell Stoltzfus, District 38
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-207 ,
10-211
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered