File Code: Income
- Sponsored By:
-
Senator Hoffman
- Entitled:
-
Qualified Capital Gains - Maximum Tax
Allowing a credit against the Maryland individual income tax to limit
to $65,000 the amount of State income tax payable for any taxable year
by an individual on qualified capital gain income, as defined;
providing that the county income tax is based on the State income tax
determined after application of the credit; and applying the Act to
tax years after 1996.
Senate Action
- 1/31
- First Reading Budget and Taxation
- 2/5
- Hearing 2/19 at 1:30 p.m.
- 3/28
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Bill indexed under the following Subjects:
- INCOME TAX
- TAX CREDITS
- Bill affects the following Statutes:
- Tax - General
- (
10-706 ,
10-708
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
