May17,2001

The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 268 - Local Property Tax Credit - County Income Tax Rate Increases.

This bill amends the provision authorizing local governments to grant a local property tax credit to offset increases in local income taxes by altering a reference to the income tax rate prior to decoupling the county rate from the State tax liability. The bill changes the county income tax rate, above which a local government can grant a property tax credit, from 50% to 2.6%. Senate Bill 143, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 268.

Sincerely,
Parris N. Glendening
Governor