File Code: Taxes - Income
Crossfiled with: HOUSE BILL 12
- Sponsored By:
-
Senators Miller, Hoffman, Bromwell, Blount, Baker, Middleton,
Neall, Kasemeyer, Van Hollen, Lawlah, Currie, Munson, and Stone
- Entitled:
-
Income Tax Reduction
Reducing the top marginal tax rate under the Maryland State income tax
on individuals to 4.8% for tax year 2000 and to 4.75% for tax year
2001; and increasing the amount that an individual may deduct for
specified exemptions to determine Maryland taxable income to $2,100
for tax year 2000 and to $2,400 for tax year 2001.
Senate Action
- 1/27
- First Reading Budget and Taxation
- 1/26
- Hearing 2/16 at 1:30 p.m.
House Action
- No Action
- Sponsored by:
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator Walter M. Baker, District 36
- Senator Clarence W. Blount, District 41
- Senator Thomas L. Bromwell, District 8
- Senator Ulysses Currie, District 25
- Senator Barbara A. Hoffman, District 42
- Senator Edward J. Kasemeyer, District 12
- Senator Gloria Lawlah, District 26
- Senator Thomas M. Middleton, District 28
- Senator Donald F. Munson, District 2
- Senator Robert R. Neall, District 33
- Senator Norman R. Stone, Jr., District 7
- Senator Christopher Van Hollen, Jr., District 18
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-211
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered