File Code: Taxes - Income
Crossfiled with: HOUSE BILL 1061
- Sponsored By:
-
Senators Jones, Conway, Della, Exum, Forehand, Grosfeld, and
Pinsky
- Entitled:
-
Millionaires' Tax Surcharge
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.
Senate Action
- 2/6
- First Reading Budget and Taxation
- 2/11
- Hearing 2/25 at 1:00 p.m.
House Action
- No Action
- Sponsored by:
- Senator Verna L. Jones, District 44
- Senator Joan Carter Conway, District 43
- Senator George W. Della, Jr., District 46
- Senator Nathaniel Exum, District 24
- Senator Jennie M. Forehand, District 17
- Senator Sharon M. Grosfeld, District 18
- Senator Paul G. Pinsky, District 22
- Bill indexed under the following Subjects:
- COMPTROLLER
- INCOME TAX
- INTEREST
- PENALTIES
- Bill affects the following Statute:
- Tax - General
- (
10-105
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
