File Code: Taxes - Income
- Sponsored By:
-
Senator Manno
- Entitled:
-
Income Tax - Rate Increase and Personal Exemption Reduction
Increasing the State income tax rate by 0.25% on individual income;
reducing the amount allowed as a deduction for specified personal
exemptions under the Maryland income tax; increasing the amount that
must be withheld from specified payments; requiring the Comptroller to
waive interest and penalties for the 2012 calendar year to the extent
the interest and penalties are due to the tax rate increase; making
the Act contingent on the taking effect of another Act; and applying
the Act to taxable years after December 31, 2011.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
Senate Action
- 1/27
- First Reading Budget and Taxation
- 2/6
- Unfavorable Report by Budget and Taxation Withdrawn
House Action
- No Action
Bill indexed under the following Subjects:
- Comptroller
- Exemptions
- Income Tax
- Interest
- Penalties and Sentences -see also- Death Penalty
- Retirement Systems -see also- Mandatory Retirement
- State Employees
Bill affects the following Statutes:
- Tax - General
- (
10-105
,
10-211
,
10-908
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Not available at this time
- Amendments:
None offered
