2003 Regular Session

HOUSE BILL 500

File Code: Taxes - Income
Sponsored By:
Delegates Rawlings and Healey
Entitled:
Individual Income Tax - Rates

Synopsis:

Increasing the top marginal individual State income tax rate for tax years 2003 through 2005 to 6%, applicable to taxable income in excess of $100,000 for single individuals and applicable to taxable income in excess of $150,000 for joint returns, heads of households, and surviving spouses; requiring the Comptroller to issue new employer withholding tables reflecting the new rates and rate brackets; requiring the Comptroller to waive specified interest and penalty for tax year 2003; etc.

History by Legislative Date

House Action
2/6
First Reading Ways and Means
2/19
Hearing 3/4 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Howard P. Rawlings, District 40
Delegate Anne Healey, District 22
Bill indexed under the following Subjects:
COMPTROLLER
INCOME TAX
INTEREST
PENALTIES
PUBLICATIONS -see also- MARYLAND REGISTER
Bill affects the following Statutes:
Tax - General
( 10-105 , 10-105 )

Documents:

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