SB0840

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Rates, Personal Exemptions, and Earned Income Tax Credit

Sponsored by:

President

Status:

In the House - Conference Committee Appointed


Synopsis:Altering specified State income tax rates for specified taxable years; altering the amount of specified exemptions allowed under the State income tax for specified taxable years; altering the calculation of the Maryland earned income tax credit to increase the amount of credit that specified individuals with qualifying children may claim; expanding eligibility of the credit to allow specified individuals without specified qualifying children to claim the credit; providing the amount of the credit is adjusted for inflation each year; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:The President (By Request - Maryland Economic Development and Business Climate Commission)
Additional Facts:Cross-filed with: HB1253
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Exemptions
Income Tax
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-105, 10-211, 10-704)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


March 29, 2016 4:49 P.M.