1999 Regular Session

HOUSE BILL 55

File Code: Income
Sponsored By:
Delegate Rosenberg
Entitled:
Income Tax - Subtraction Modification for Federal Insurance Contribution Act Tax and Federal Self-Employment Income Tax - Tobacco Tax

Synopsis:

Providing a subtraction modification under the Maryland individual income tax for Federal Insurance Contribution Act tax and self-employment income tax paid by an individual; providing for a maximum subtraction modification amount of the lesser of the tax paid or $2,700 for each individual; providing for an offsetting increase in the tobacco tax rate; etc.

History by Legislative Date

House Action
1/18
First Reading Ways and Means
1/20
Hearing 2/4 at 11:00 a.m.
1/21
Hearing cancelled
2/17
Hearing 3/3 at 1:00 p.m.
3/22
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
CIGARETTES -see also- SMOKING
EXEMPTIONS
FEDERAL GOVERNMENT
INCOME TAX
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
REVENUE AND TAXES -see also specific taxes-
STAMPS AND COINS
TOBACCO
Bill affects the following Statutes:
Tax - General
( 10-208 , 10-208 , 12-105 , 12-303 )

Documents:

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

Amendments: None offered