2006 Regular Session

SENATE BILL 560

File Code: Taxes - Income
Sponsored By:
Senators Pipkin, Greenip, Hafer, Haines, Harris, Hooper, Jacobs, Kittleman, and Mooney
Entitled:
Income Tax - Rate Reduction for Individuals

Synopsis:

Reducing the top marginal tax rate under the Maryland income tax on individuals to 4.6% for tax year 2007, 4.4% for tax year 2008, and 4.275% for tax years after 2008.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
3/8
Hearing 3/23 at 1:00 p.m.
3/23
Hearing cancelled
House Action
No Action

Sponsored by:

Senator E. J. Pipkin, District 36
Senator Janet Greenip, District 33
Senator John J. Hafer, District 1
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 7
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Allan H. Kittleman, District 9
Senator Alexander X. Mooney, District 3

Bill indexed under the following Subject:

INCOME TAX

Bill affects the following Statute:

Tax - General
( 10-105 )

Documents:

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