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Legislation


2012 Regular Session

HOUSE BILL 784

File Code: Taxes - Income Prior Year Introduction As: HB 1070/11 - W&M Crossfiled with: SENATE BILL 249
Sponsored By:
Delegates Ivey, Barnes, Braveboy, Frush, Gaines, Glenn, Gutierrez, Healey, Holmes, Howard, Hubbard, Hucker, Murphy, Niemann, Oaks, Reznik, S. Robinson, Ross, Sophocleus, Summers, Tarrant, Valderrama, Vaughn, and Washington
Entitled:
State Individual Income Tax - Millionaires' Tax

Synopsis:

Increasing the State income tax rate for an individual to 6.25% of Maryland taxable income in excess of $1,000,000; requiring the Comptroller to waive specified interest and penalties for the 2012 calendar year; and applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/9
First Reading Ways and Means
Hearing 2/28 at 1:00 p.m.
2/27
Hearing cancelled
Hearing 3/6 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Jolene Ivey, District 47
Delegate Ben Barnes, District 21
Delegate Aisha N. Braveboy, District 25
Delegate Barbara Frush, District 21
Delegate Tawanna P. Gaines, District 22
Delegate Cheryl D. Glenn, District 45
Delegate Ana Sol Gutierrez, District 18
Delegate Anne Healey, District 22
Delegate Marvin E. Holmes, Jr., District 23B
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Tom Hucker, District 20
Delegate Peter Murphy, District 28
Delegate Doyle L. Niemann, District 47
Delegate Nathaniel T. Oaks, District 41
Delegate Kirill Reznik, District 39
Delegate Shane Robinson, District 39
Delegate Justin D. Ross, District 22
Delegate Theodore Sophocleus, District 32
Delegate Michael G. Summers, District 47
Delegate Shawn Z. Tarrant, District 40
Delegate Kriselda Valderrama, District 26
Delegate Michael L. Vaughn, District 24
Delegate Mary L. Washington, District 43

Bill indexed under the following Subjects:

Comptroller
Income Tax
Interest
Penalties and Sentences -see also- Death Penalty

Bill affects the following Statute:

Tax - General
( 10-105 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
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