Legislation
- Title
- State Individual Income Tax – Millionaires’ Tax
- Sponsored by
- Delegate Smith
- Status
- In the House - Hearing 2/04 at 1:30 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Increasing the State income tax rate for an individual to 7% of Maryland taxable income in excess of $1,000,000; applying the Act to taxable years beginning after December 31, 2021; etc.
Committees
- Original:
- Ways and Means
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2022
History
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File Code
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Subjects
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Statutes
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(
10-105 )
Last Updated: 4/1/2021 4:37 PM