File Code: Taxes - Income
- Sponsored By:
-
Senators Miller, Hoffman, Bromwell, Blount, Baker, Middleton,
Neall, Kasemeyer, Lawlah, Currie, Munson, Hogan, Stoltzfus, Madden, and
Stone
- Entitled:
-
Income Tax Reduction
Reducing the top marginal tax rate under the Maryland State income tax
on individuals from 4.85% to 4.75% for tax year 2000 and from 4.8% to
4.75% for tax year 2001; and increasing the amount that an individual
may deduct for specified exemptions to determine Maryland taxable
income from $1,850 to $2,400 for tax year 2000 and from $2,100 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 Patrick J. Hogan, District 39
- Senator Edward J. Kasemeyer, District 12
- Senator Gloria Lawlah, District 26
- Senator Martin G. Madden, District 13
- Senator Thomas M. Middleton, District 28
- Senator Donald F. Munson, District 2
- Senator Robert R. Neall, District 33
- Senator J. Lowell Stoltzfus, District 38
- Senator Norman R. Stone, Jr., District 7
- 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