1999 Regular Session

SENATE BILL 385

File Code: Sales and Use
Sponsored By:
Senators Harris, Haines, Hooper, Roesser, Mooney, Ferguson, Jacobs, Stoltzfus, Madden, McCabe, and Colburn
Entitled:
Sales and Use Tax - Elimination of Revenue Surplus

Synopsis:

Requiring the Board of Revenue Estimates to establish a reduced sales and use tax rate in the report of the Maryland Board of Revenue Estimates on estimated Maryland revenues in order to eliminate a forecasted revenue surplus in the current fiscal year; requiring that the reduced sales and use tax rate be rounded up to the nearest 1/4 cent; requiring the Comptroller to establish the sales and use tax rate on taxable sales of less than one dollar and in excess of an exact dollar; etc.

History by Legislative Date

Senate Action
2/5
First Reading Budget and Taxation
2/10
Hearing 3/3 at 1:30 p.m.
3/2
Hearing cancelled
Hearing 3/3 at 4:00 p.m.
3/15
Unfavorable Report by Budget and Taxation
House Action
No Action
Sponsored by:
Senator Andrew P. Harris, District 9
Senator Richard F. Colburn, District 37
Senator Timothy R. Ferguson, District 4
Senator Larry E. Haines, District 5
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Martin G. Madden, District 13
Senator Christopher J. McCabe, District 14
Senator Alexander X. Mooney, District 3
Senator Jean W. Roesser, District 15
Senator J. Lowell Stoltzfus, District 38
Bill indexed under the following Subjects:
BUDGETS -see also- CAPITAL BUDGETS
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
COMPTROLLER
REPORTS -see also- RECORDS
REVENUE AND TAXES -see also specific taxes-
SALES AND USE TAX
Bill affects the following Statutes:
Tax - General
( 11-104 , 11-104 )

Documents:

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

Amendments: None offered