File Code: Taxes - Income
- Sponsored By:
-
Delegate Simmons
- Entitled:
-
Individual Income Tax - Rate and Personal Exemptions
Increasing from 4.75% to 5% the top marginal rate under the State
individual income tax; reducing from $2,400 to $1,200 the amount
allowed as a deduction for specified personal exemptions under the
Maryland income tax for individuals with federal adjusted gross income
exceeding $100,000 but not exceeding $200,000; disallowing deductions
for specified personal exemptions for individuals with federal
adjusted gross income in excess of $200,000; applying the Act to tax
years after 2007; etc.
House Action
- 10/29
- First Reading Ways and Means
- 10/30
- Hearing 11/3 at 10:00 a.m.
Senate Action
- No Action
Bill indexed under the following Subjects:
- Exemptions
- Income Tax
Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-211
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
