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Legislation


2012 Regular Session

HOUSE BILL 429

File Code: Taxes - Sales and Use
Sponsored By:
Delegates Schuh, Costa, Dwyer, George, Kipke, McConkey, McMillan, and Vitale
Entitled:
Sales and Corporate Income Tax Relief (Better Maryland - Tax Relief)

Synopsis:

Reducing the State income tax rate on the Maryland taxable income of corporations from 8.25% to 7.25%; altering the rate of the sales and use tax from 6% to 5.5% for fiscal year 2013 and to 5% beginning July 1, 2013; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/1
First Reading Ways and Means
2/3
Hearing 2/14 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Steven R. Schuh, District 31
Delegate Robert A. Costa, District 33B
Delegate Don H. Dwyer, Jr., District 31
Delegate Ron George, District 30
Delegate Nicholaus R. Kipke, District 31
Delegate Tony McConkey, District 33A
Delegate Herb McMillan, District 30
Delegate Cathy Vitale, District 33A

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Sales and Use Tax
Sunset

Bill affects the following Statutes:

Tax - General
( 4-105 , 10-105 , 11-104 , 11-301 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
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