File Code: Income
Prior Year Introduction As: HB 397/96 - W&M
- Sponsored By:
-
Delegates Gordon and C. Davis
- Entitled:
-
Income Tax Reform
Reducing the top marginal tax rate under the Maryland income tax on
individuals from 5% to 4.75%; reducing from $1,200 to $600 the amount
that an individual may deduct for specified personal exemptions to
determine Maryland taxable income; decoupling the calculation of the
county income tax from the State income tax rate; altering the
calculation of the distribution of income tax revenues to
municipalities; etc.
House Action
- 1/27
- First Reading Ways and Means
- 1/29
- Hearing 2/6 at 11:00 a.m.
- 3/18
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Michael R. Gordon, District 17
- Delegate Clarence Davis, District 45
- Bill indexed under the following Subjects:
- COMPTROLLER
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- EXEMPTIONS
- INCOME TAX
- MUNICIPAL CORPORATIONS
- SPECIAL TAX DISTRICTS
- Bill affects the following Statutes:
- Tax - General
- (
2-106 ,
2-607 ,
10-102.1 ,
10-103 ,
10-105 ,
10-106 ,
10-211 ,
10-604 ,
10-704 ,
10-706 ,
10-908
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
