File Code: Income
Prior Year Introduction As: SB 745/97 - B&T
- Sponsored By:
-
Senators Hoffman,
Ruben, Boozer, Currie, Fry, Kasemeyer, Lawlah, McFadden, Middleton, and
Neall
- Entitled:
-
Qualified Capital Gains - Maximum Tax
Allowing a credit against the Maryland individual income tax to limit
to $65,000 the amount of State income tax payable for any taxable year
by an individual on qualified capital gain income, as defined;
providing that the county income tax is based on the State income tax
determined after application of the credit; and applying the Act to
tax years after 1997.
Senate Action
- 2/4
- First Reading Budget and Taxation
- 2/11
- Hearing 2/25 at 1:30 p.m.
- 3/17
- Favorable with Amendments Report by Budget and Taxation
- 3/18
- Favorable with Amendments
- Committee Amendment Adopted
- Favorable with Amendments Report Adopted (39-7)
- Second Reading Passed with Amendments
- 3/20
- Third Reading Passed (36-9)
House Action
- 3/23
- First Reading Ways and Means
- 3/25
- Hearing 4/2 at 1:00 p.m.
- 3/30
- Hearing cancelled
- Hearing 4/1 at 1:15 p.m.
- Sponsored by:
- Senator Barbara A. Hoffman, District 42
- Senator F. Vernon Boozer, District 9
- Senator Ulysses Currie, District 25
- Senator Donald C. Fry, District 35
- Senator Edward J. Kasemeyer, District 12
- Senator Gloria Gary Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Thomas McLain Middleton, District 28
- Senator Robert R. Neall, District 33
- Senator Ida G. Ruben, District 20
- Bill indexed under the following Subjects:
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- INCOME TAX
- REVENUE AND TAXES -see also specific taxes -
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-706 ,
10-709
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 189316/1 (PDF) Offered on: March 18, 1998 at:
11:20 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 18, 1998: Favorable with Amendments Adopted (39-7)
- March 20, 1998: Third Reading Passed (36-9)
