SENATE BILL 667

File Code: Income Crossfiled with: HOUSE BILL 876

Sponsored By:

Senators Currie, Lawlah, and McFadden

Entitled:

Income Tax - Earned Income Credit - Refunds

Synopsis:

Altering the earned income credit allowed against the Maryland income tax; allowing a refund in the amount, if any, by which 20% of the federal earned income credit exceeds the State income tax; providing that any excess credit over the State income tax does not reduce the county income tax below zero; and applying the Act to tax years after 1996.

Legislative History

Senate Action

1/31

First Reading Budget and Taxation

2/5

Hearing 2/19 at 1:30 p.m.

3/28

Unfavorable Report by Budget and Taxation

House Action

No Action

Sponsored by:

Senator Ulysses Currie, District 25

Senator Gloria Gary Lawlah, District 26

Senator Nathaniel J. McFadden, District 45

Bill indexed under the following Subjects:

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INCOME TAX

TAX CREDITS

Bill affects the following Statutes:

Tax - General

( 10-704 , 10-706 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)