1996 Regular Session

SENATE BILL 692

File Code: Taxes - Income
Sponsored By:
Senators Cade, Hogan, McCabe, Madden, Stoltzfus, Boozer, Hafer, Munson, Roesser, Haines, Craig, Ferguson, Middlebrooks, Colburn, and Derr
Entitled:
Income Tax Rate Reduction

Synopsis:

Reducing the top marginal tax rate under the Maryland income tax on individuals to 4.75% for tax years 1997 and 1998, 4.6% for tax year 1999, and 4.5% for tax years after 1999; repealing the requirements that the counties have a county income tax measured by the State income tax of residents of the county; authorizing the counties to impose a county income tax at not more than 3% on the Maryland taxable income of residents of the county; etc.

Legislative History

Senate Action
2/2
First Reading Budget and Taxation
2/28
Hearing 3/15 at 12:00 p.m.
3/6
Hearing cancelled
Hearing 3/15 at 2:00 p.m.
House Action
No Action
Sponsored by:
Senator John A. Cade, District 33
Senator F. Vernon Boozer, District 9
Senator Richard Colburn, District 37
Senator David R. Craig, District 34
Senator John W. Derr, District 3
Senator Timothy R. Ferguson, District 4
Senator John J. Hafer, District 1
Senator Larry E. Haines, District 5
Senator Patrick J. Hogan, District 39
Senator Martin G. Madden, District 13
Senator Christopher J. McCabe, District 14
Senator Edward Middlebrooks, District 32
Senator Donald F. Munson, District 2
Senator Jean W. Roesser, District 15
Senator J. Lowell Stoltzfus, District 38
Bill indexed under the following Subjects:
COMPTROLLER
COUNTIES
INCOME TAX
Bill affects the following Statutes:
Tax - General
( 2-106 , 10-102.1 , 10-103 , 10-105 , 10-106 , 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