File Code: Income
Prior Year Introduction As: SB 310/98 - B&T
Crossfiled with: HOUSE BILL 539
- 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 1998.
Senate Action
- 2/4
- First Reading Budget and Taxation
- 2/10
- Hearing 2/24 at 1:30 p.m.
- 4/5
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Bill indexed under the following Subjects:
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- INCOME TAX
- REVENUE AND TAXES -see also specific taxes-
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-706 ,
10-712
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
