HOUSE BILL 784

File Code: Taxes - Income Prior Year Introduction As: HB 1070/11 - W&M Crossfiled with: SENATE BILL 249

Sponsored By:

Delegates Ivey, Barnes, Braveboy, Frush, Gaines, Glenn, Gutierrez, Healey, Holmes, Howard, Hubbard, Hucker, Murphy, Niemann, Oaks, Reznik, S. Robinson, Ross, Sophocleus, Summers, Tarrant, Valderrama, Vaughn, and Washington

Entitled:

State Individual Income Tax - Millionaires' Tax

Synopsis:

Increasing the State income tax rate for an individual to 6.25% of Maryland taxable income in excess of $1,000,000; requiring the Comptroller to waive specified interest and penalties for the 2012 calendar year; and applying the Act to taxable years beginning after December 31, 2011; 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

2/9

First Reading Ways and Means

Hearing 2/28 at 1:00 p.m.

2/27

Hearing cancelled

Hearing 3/6 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Jolene Ivey, District 47

Delegate Ben Barnes, District 21

Delegate Aisha N. Braveboy, District 25

Delegate Barbara Frush, District 21

Delegate Tawanna P. Gaines, District 22

Delegate Cheryl D. Glenn, District 45

Delegate Ana Sol Gutierrez, District 18

Delegate Anne Healey, District 22

Delegate Marvin E. Holmes, Jr., District 23B

Delegate Carolyn J. B. Howard, District 24

Delegate James W. Hubbard, District 23A

Delegate Tom Hucker, District 20

Delegate Peter Murphy, District 28

Delegate Doyle L. Niemann, District 47

Delegate Nathaniel T. Oaks, District 41

Delegate Kirill Reznik, District 39

Delegate Shane Robinson, District 39

Delegate Justin D. Ross, District 22

Delegate Theodore Sophocleus, District 32

Delegate Michael G. Summers, District 47

Delegate Shawn Z. Tarrant, District 40

Delegate Kriselda Valderrama, District 26

Delegate Michael L. Vaughn, District 24

Delegate Mary L. Washington, District 43

Bill indexed under the following Subjects:

Comptroller

Income Tax

Interest

Penalties and Sentences -see also- Death Penalty

Bill affects the following Statute:

Tax - General

( 10-105 )

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