File Code: Taxes - Income
- Sponsored By:
-
Delegates Ports and Redmer
- Entitled:
-
Income Tax Reduction
Reducing the top marginal Maryland State income tax rate for
individuals, to 4.8% for 2000 and to 4.75% for 2001, and continuing a
phased reduction for tax years after 2001 to a rate of 4.625% for tax
years after 2005; increasing the deduction allowed for specified
personal exemptions, to $2,100 for 2000 and to $2,400 for 2001, and
continuing a phased increase for tax years after 2001 to a personal
exemption amount of $3,050 for tax years after 2005; and altering
maximum county income tax rates.
House Action
- 2/11
- First Reading Ways and Means
- 2/25
- Hearing 3/10 at 1:00 p.m.
- 3/25
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate James F. Ports, Jr., District 8
- Delegate Alfred W. Redmer, Jr., District 8
- Bill indexed under the following Subjects:
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- EXEMPTIONS
- INCOME TAX
- Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-106 ,
10-211
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
