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