1996 Regular Session

HOUSE BILL 397

File Code: Taxes - Income
Sponsored By:
Delegates Gordon and C. Davis
Entitled:
Income Tax Reform

Synopsis:

Reducing the top marginal tax rate under the Maryland income tax on individuals from 5% to 4.75%; reducing from $1,200 to $600 the amount that an individual may deduct for specified personal exemptions to determine Maryland taxable income; decoupling the calculation of the county income tax from the State income tax rate; altering the calculation of the distribution of income tax revenues to municipalities; etc.

Legislative History

House Action
1/29
First Reading Ways and Means
2/21
Hearing 3/6 at 1:00 p.m.
3/19
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Michael R. Gordon, District 17
Delegate Clarence Davis, District 45
Bill indexed under the following Subjects:
COMPTROLLER
COUNTIES
EXEMPTIONS
INCOME TAX
MUNICIPAL CORPORATIONS
SPECIAL TAX DISTRICTS
Bill affects the following Statutes:
Tax - General
( 2-106 , 2-607 , 10-102.1 , 10-103 , 10-105 , 10-106 , 10-211 , 10-604 , 10-704 , 10-706 , 10-706 , 10-908 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available