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Legislation


2012 Regular Session

SENATE BILL 249

File Code: Taxes - Income Prior Year Introduction As: SB 30/11S1 - SRU Crossfiled with: HOUSE BILL 784
Sponsored By:
Senators Jones-Rodwell and Pinsky
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.

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.
Senate Action
1/25
First Reading Budget and Taxation
1/31
Hearing 2/8 at 1:00 p.m.
2/7
Hearing cancelled
Hearing 2/29 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Verna L. Jones-Rodwell, District 44
Senator Paul G. Pinsky, District 22

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
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