SB0384

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Income Tax - Earned Income Credit - Refundability

Sponsored by:

President

Status:

In the Senate - Hearing 2/24 at 1:00 p.m.


Synopsis:Increasing to 28% for tax years beginning after December 31, 2015, 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:The President (By Request - Administration) and Senators Bates, Brochin, Cassilly, Eckardt, Edwards, Hershey, Jennings, Klausmeier, Madaleno, Mathias, Muse, Norman, Ready, Reilly, Rosapepe, Salling, Serafini, and Waugh
Additional Facts:Cross-filed with: HB0452
Bill File Type: Regular
Effective Date(s): July 1, 2016
By Request of the Governor
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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October 24, 2017 5:09 P.M.