2007 Special Session 1

HOUSE BILL 2

File Code: Taxes - Miscellaneous Crossfiled with: SENATE BILL 2
Sponsored By:
The Speaker (By Request - Administration)
Entitled:
Tax Reform Act of 2007

Synopsis:

Altering the rates and rate brackets under the State individual income tax; increasing the corporate income tax rate from 7% to 8.75%; requiring specified corporations to compute Maryland taxable income using a specified method; imposing recordation and transfer taxes on the transfer of controlling interest in specified real property owning entities; etc.

History by Legislative and Calendar Date

House Action
10/29
First Reading Ways and Means & Appropriations
10/30
Hearing 10/31 at 1:00 p.m.
Hearing 11/1 at 10:00 a.m.
11/9
Favorable with Amendments Report by Ways and Means
11/2
Favorable with Amendments
Special Order 11/10 (Delegate Hixson) Adopted
11/3
Favorable with Amendments Report Adopted
Floor Committee Amendment Adopted
Floor Amendment (Delegate McConkey)
Motion vote previous question (Delegate Ross) Adopted
Floor Amendment (Delegate McConkey) Rejected (40-93)
Motion Special Order 11/12 (Delegate O'Donnell) Rejected (38-97)
Floor Amendment (Delegate Schuh) Rejected (40-93)
Floor Amendment (Delegate Aumann) Rejected (46-85)
Floor Amendment (Delegate Stocksdale) Rejected (39-94)
Floor Amendment (Delegate Frank) Rejected (48-84)
Floor Amendment (Delegate Miller) Rejected (38-94)
Floor Amendment (Delegate Shewell) Rejected (40-91)
Second Reading Passed with Amendments
11/4
Motion vote previous question (Delegate Minnick) Adopted
Third Reading Passed (82-55)
Senate Action
11/4
First Reading Budget and Taxation

Sponsored by:

Speaker, The
Administration

Bill indexed under the following Subjects:

Admissions and Amusement Tax
Assessments and Taxation, Department of
Blind Persons
Cigarettes -see also- Smoking
Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Elderly Persons
Energy Matters -see also- Fuel; Power Plants; Solar Energy
Equipment -see also- Motor Vehicle Equipment
Exemptions
Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Health -see also- Mental Health
Heating and Cooling
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Interest
Massage
Nonresidents -see also- Aliens
Penalties
Property Tax
Public Debt -see also- County & Balt City Bonds; State Bonds
Real Property
Recordation
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Solar Energy
State Bonds
State Universities and Colleges
Tax Credits -see also- Circuit Breaker
Tobacco
Transfer Tax
Transportation-see also- Aircraft; Airports; Boats; etc
Tuition
Vending Machines

Bill affects the following Statutes:

Education
( 15-106.6 )
Tax - General
( 2-106 , 2-106 , 2-614 , 2-615 , 10-102.1 , 10-105 , 10-207 , 10-210.1 , 10-211 , 10-601 , 10-704 , 10-811 , 10-908 , 10-908 , 10-912 )
Tax - Property
( 12-110 , 12-117 , 13-103 , 13-209 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 223523/01     Offered on: November 10, 2007   at: 8:19 p.m.     Status: Rejected
Number: 263628/01     Offered on: November 10, 2007   at: 8:02 p.m.     Status: Rejected
Number: 293120/01     Offered on: November 10, 2007   at: 8:48 p.m.     Status: Rejected
Number: 303122/01     Offered on: November 10, 2007   at: 7:15 p.m.     Status: Rejected
Number: 573922/01     Offered on: November 10, 2007   at: 8:06 p.m.     Status: Rejected
Number: 593023/01     Offered on: November 10, 2007   at: 8:42 p.m.     Status: Rejected
Number: 605469/01     Offered on: November 10, 2007   at: 7:10 p.m.     Status: Adopted
Number: 743121/01     Offered on: November 10, 2007   at: 8:13 p.m.     Status: Rejected
Number: 923720/01     Offered on: November 10, 2007   at: 7:13 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
November 3, 2007: Floor Amendment (McConkey) Rejected (40-93)
November 3, 2007: Motion Special Order until 11/12 (ODonnell) Rejected (38-97)
November 3, 2007: Floor Amendment (Schuh) {263628/1 Rejected (40-93)
November 3, 2007: Floor Amendment (Aumann) {573922/1 Rejected (46-85)
November 3, 2007: Floor Amendment (Stocksdale) {743121/1 Rejected (39-94)
November 3, 2007: Floor Amendment (Frank) {223523/1 Rejected (48-84)
November 3, 2007: Floor Amendment (Miller) {593023/1 Rejected (38-94)
November 3, 2007: Floor Amendment (Shewell) {293120/1 Rejected (40-91)
November 4, 2007: Third Reading Passed (82-55)