CHAPTER NUMBER: 4
File Code: Income
- Sponsored By:
-
Senators Hoffman,
Ruben, Boozer, Currie, Fry, Hogan, Kasemeyer, Lawlah, McFadden,
Middleton, Munson, Neall, and Van Hollen
- Entitled:
-
Income Tax Reduction
Reducing the top marginal tax rate under the Maryland State income tax
on individuals to 4.875% for tax year 1998 and to 4.85% for tax year
1999; increasing the amount that an individual may deduct for
specified exemptions to determine Maryland taxable income to $1,750
for tax year 1998 and to $1,850 for tax year 1999; reducing the
maximum amount of a subtraction allowed for two-income married couples
to $1,154 for tax year 1998 and to $1,144 for tax year 1999; etc.
Senate Action
- 2/24
- First Reading Senate Rules
- 2/25
- Re-referred Budget and Taxation
- 3/4
- Hearing 3/19 at 1:30 p.m.
- 3/9
- Hearing cancelled
- Hearing 3/11 at 1:30 p.m.
- 3/17
- Favorable with Amendments Report by Budget and Taxation
- 3/18
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/20
- Third Reading Passed (45-2)
- 4/11
- Senate Concur - House Amendment
- Third Reading Passed (45-1)
- Passed Enrolled
- 4/14
- Signed by the Governor Chapter 4
House Action
- 3/23
- First Reading Ways and Means
- 3/30
- Hearing 4/1 at 1:15 p.m.
- 4/9
- Favorable with Amendments Report by Ways and Means
- 4/5
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/6
- Floor Amendment (Delegate Flanagan) Rejected (39-97)
- Third Reading Passed with Amendments (132-7)
- 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 Patrick J. Hogan, District 39
- 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 Donald F. Munson, District 2
- Senator Robert R. Neall, District 33
- Senator Ida G. Ruben, District 20
- Senator Christopher Van Hollen, Jr., District 18
- Bill indexed under the following Subjects:
- APPROPRIATIONS
- EXEMPTIONS
- GOVERNOR
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-207 ,
10-211
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 619315/1 (PDF) Offered on: March 18, 1998 at:
11:35 a.m. Status: Adopted
- House
- Number: 213105/1 (PDF) Offered on: April 10, 1998 at:
10:57 a.m. Status: Rejected
- Number: 345144/1 (PDF) Offered on: April 9, 1998 at:
4:39 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 20, 1998: Third Reading Passed (45-2)
- April 11, 1998: Third Reading Passed (45-1)
- House
- April 6, 1998: Floor Amendment (Flanagan) {213105/1 Rejected (39-97)
- April 6, 1998: Third Reading Passed (132-7)
