HOUSE BILL 446

File Code: Income Prior Year Introduction As: HB 397/96 - W&M

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

1/27

First Reading Ways and Means

1/29

Hearing 2/6 at 11:00 a.m.

3/18

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 -see also- CHARTERED COUNTIES; CODE 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 , 10-908 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)