File Code: Taxes - Income
- Sponsored By:
-
Senator Forehand
- Entitled:
-
Individual Income Tax - Rate and Personal Exemptions
Increasing from 4.75% to 5% the top marginal rate under the State
income tax on individuals; decreasing from $2,400 to $2,000 the amount
allowed as a deduction for specified personal exemptions under the
Maryland income tax; repealing obsolete provisions; and applying the
Act to tax years after 2007.
Senate Action
- 10/29
- First Reading Budget and Taxation
- 10/31
- Hearing 11/2 at 2:00 p.m.
House Action
- No Action
Bill indexed under the following Subjects:
- Exemptions
- Income Tax
Bill affects the following Statutes:
- Tax - General
- (
10-105 ,
10-211
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered
