Legislation - SB0622

Title: Community Reinvestment and Repair Fund - Funding (Maryland Reparations Act of 2024)
Sponsored by: Senator Carter
Status: In the Senate - Hearing 2/14 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring that a certain amount of revenue from the State individual income tax and Maryland estate tax be distributed to the Community Reinvestment and Repair Fund; altering the rates and rate brackets under the State income tax on certain income of individuals; providing for an additional State individual income tax rate on the net capital gains of individuals; altering a certain limit on the unified credit used for determining the Maryland estate tax; increasing the rate of the sales and use tax for cannabis from 9% to 14%; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/26/2024 Legislative Date 1/26/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Community Reinvestment and Repair Fund - Funding (Maryland Reparations Act of 2024) Proceedings
Chamber Senate Calendar Date 1/29/2024 Legislative Date 1/29/2024 Action Hearing 2/14 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/26/2024	1/26/2024	First Reading Budget and Taxation
			Text - First - Community Reinvestment and Repair Fund - Funding (Maryland Reparations Act of 2024)
Senate	1/29/2024	1/29/2024	Hearing 2/14 at 1:00 p.m.

File Code

Subjects

Statutes