2007 Special Session 1

SENATE BILL 13

File Code: Taxes - Income
Sponsored By:
Senator Forehand
Entitled:
Individual Income Tax - Rate and Personal Exemptions

Synopsis:

Increasing from 4.75% to 5% the top marginal rate under the State income tax on individuals; decreasing from $2,400 to $2,000 the amount allowed as a deduction for specified personal exemptions under the Maryland income tax; repealing obsolete provisions; and applying the Act to tax years after 2007.

History by Legislative and Calendar Date

Senate Action
10/29
First Reading Budget and Taxation
10/31
Hearing 11/2 at 2:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Exemptions
Income Tax

Bill affects the following Statutes:

Tax - General
( 10-105 , 10-211 )

Documents:

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