2000 Regular Session

HOUSE BILL 1186

File Code: Taxes - Income
Sponsored By:
Delegates Ports and Redmer
Entitled:
Income Tax Reduction

Synopsis:

Reducing the top marginal Maryland State income tax rate for individuals, to 4.8% for 2000 and to 4.75% for 2001, and continuing a phased reduction for tax years after 2001 to a rate of 4.625% for tax years after 2005; increasing the deduction allowed for specified personal exemptions, to $2,100 for 2000 and to $2,400 for 2001, and continuing a phased increase for tax years after 2001 to a personal exemption amount of $3,050 for tax years after 2005; and altering maximum county income tax rates.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/25
Hearing 3/10 at 1:00 p.m.
3/25
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate James F. Ports, Jr., District 8
Delegate Alfred W. Redmer, Jr., District 8
Bill indexed under the following Subjects:
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EXEMPTIONS
INCOME TAX
Bill affects the following Statutes:
Tax - General
( 10-105 , 10-106 , 10-211 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered