HB0588

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax - Rate Brackets, Personal Exemptions, and Standard Deduction - Cost-of-Living Adjustments

Sponsored by:

Delegate Krebs

Status:

In the House - Hearing 2/14 at 1:00 p.m.


Synopsis:Altering certain State income tax rate bracket thresholds by a certain cost-of-living adjustment; altering the amount of certain exemptions allowed under the State income tax for certain taxable years by a certain cost-of-living adjustment; altering the minimum and maximum limitation amounts of certain standard deductions allowed under the State income tax for certain taxable years by a certain cost-of-living adjustment; and applying the Act to taxable years beginning after December 31, 2017.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Krebs, Carozza, Mautz, Morgan, Rose, and Shoemaker
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Exemptions
Income Tax
Statutes:Article - Tax - General
(10-105, 10-211, 10-217)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 15, 2018 12:21 P.M.