File Code: Income
- Sponsored By:
-
Senators Neall, Boozer, Astle, Bromwell, Colburn, Craig, Della,
Derr, Ferguson, Fry, Hafer, Hogan, Lawlah, Middlebrooks, Munson,
Stoltzfus, and Middleton
- Entitled:
-
Income Tax Reduction
Reducing the top marginal tax rate under the Maryland State income tax
on individuals to 4.9% for tax year 1998, 4.8% for tax year 1999, 4.7%
for tax year 2000, 4.6% for tax year 2001, and 4.5% for tax years
after 2001; and reducing the maximum amount of a subtraction allowed
for two-income married couples to specified amounts for tax years 1998
through 2001 and to $1,000 for tax years after 2001.
Senate Action
- 2/6
- First Reading Budget and Taxation
- 2/11
- Hearing 2/25 at 1:30 p.m.
- 4/13
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Robert R. Neall, District 33
- Senator John C. Astle, District 30
- Senator F. Vernon Boozer, District 9
- Senator Thomas L. Bromwell, District 8
- Senator Richard F. Colburn, District 37
- Senator David R. Craig, District 34
- Senator George W. Della, Jr., District 47
- Senator John W. Derr, District 3
- Senator Timothy R. Ferguson, District 4
- Senator Donald C. Fry, District 35
- Senator John J. Hafer, District 1
- Senator Patrick J. Hogan, District 39
- Senator Gloria Gary Lawlah, District 26
- Senator C. Edward Middlebrooks, District 32
- Senator Thomas McLain Middleton, District 28
- Senator Donald F. Munson, District 2
- Senator J. Lowell Stoltzfus, District 38
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-207
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
