HOUSE BILL 1061

Sponsored By:

Delegates Jones, Anderson, Barkley, Benson, Bobo, Bronrott, Brown, Burns, Busch, Cane, C. Davis, Franchot, Frush, Gaines, Gordon, Griffith, Gutierrez, Harrison, Heller, Howard, Hubbard, Kelley, King, Kirk, Krysiak, Lee, Madaleno, Mandel, Marriott, McHale, McIntosh, Menes, Minnick, Moe, Montgomery, Nathan-Pulliam, Niemann, Oaks, Paige, Parker, Patterson, Petzold, Ramirez, Rosenberg, Ross, Taylor, V. Turner, and Vaughn

Entitled:

Millionaires' Tax Surcharge

Synopsis:

Increasing the State income tax rate on individuals whose Maryland taxable income exceeds $500,000 to 7.75%; requiring the Comptroller to waive specified interest and penalty for the 2004 taxable year; and applying the Act to tax years after 2003.

History by Legislative Date

House Action

2/13

First Reading Ways and Means

2/25

Hearing 3/10 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Adrienne A. Jones, District 10

Delegate Curt Anderson, District 43

Delegate Charles Barkley, District 39

Delegate Joanne C. Benson, District 24

Delegate Elizabeth Bobo, District 12B

Delegate William A. Bronrott, District 16

Delegate Anthony G. Brown, District 25

Delegate Emmett C. Burns, Jr., District 10

Delegate Michael E. Busch, District 30

Delegate Rudolph C. Cane, District 37A

Delegate Clarence Davis, District 45

Delegate Peter Franchot, District 20

Delegate Barbara Frush, District 21

Delegate Tawanna P. Gaines, District 22

Delegate Michael R. Gordon, District 17

Delegate Melony G. Griffith, District 25

Delegate Ana Sol Gutierrez, District 18

Delegate Hattie N. Harrison, District 45

Delegate Henry B. Heller, District 19

Delegate Carolyn J. B. Howard, District 24

Delegate James W. Hubbard, District 23A

Delegate Darryl A. Kelley, District 26

Delegate Nancy J. King, District 39

Delegate Ruth M. Kirk, District 44

Delegate Carolyn J. Krysiak, District 46

Delegate Susan C. Lee, District 16

Delegate Richard S. Madaleno, Jr., District 18

Delegate Adrienne A. Mandel, District 19

Delegate Salima Siler Marriott, District 40

Delegate Brian K. McHale, District 46

Delegate Maggie McIntosh, District 43

Delegate Pauline H. Menes, District 21

Delegate Joseph J. Minnick, District 6

Delegate Brian R. Moe, District 21

Delegate Karen S. Montgomery, District 14

Delegate Shirley Nathan-Pulliam, District 10

Delegate Doyle L. Niemann, District 47

Delegate Nathaniel T. Oaks, District 41

Delegate Jeffrey A. Paige, District 44

Delegate Rosetta C. Parker, District 47

Delegate Obie Patterson, District 26

Delegate Carol S. Petzold, District 19

Delegate Victor R. Ramirez, District 47

Delegate Samuel I. Rosenberg, District 41

Delegate Justin D. Ross, District 22

Delegate Herman L. Taylor, Jr., District 14

Delegate Veronica Turner, District 26

Delegate Michael L. Vaughn, District 24

Bill indexed under the following Subjects:

COMPTROLLER

INCOME TAX

INTEREST

PENALTIES

Bill affects the following Statute:

Tax - General

( 10-105 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered