SB0295

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Earned Income Credit - Refundability

Sponsored by:

Senator Madaleno

Status:

In the Senate - Hearing 2/17 at 1:00 p.m.


Synopsis:Increasing, to 28% for tax year 2016 and 30% for tax years 2017 and beyond, the percentage of the federal earned income credit used to determine the amount that an individual may claim as a refundable credit under the Maryland earned income credit.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Madaleno, Benson, Conway, Currie, Feldman, Ferguson, Guzzone, Kagan, Kasemeyer, Kelley, King, Lee, Manno, McFadden, Middleton, Pugh, Ramirez, Raskin, and Rosapepe
Additional Facts:Cross-filed with: HB1048
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Income Tax
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-704)

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Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:08 P.M.