MD HB435 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2021 - 25% progression, died in committee
Action: 2021-01-18 - Hearing 2/04 at 1:30 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2021 - 25% progression, died in committee
Action: 2021-01-18 - Hearing 2/04 at 1:30 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing the State income tax rate for an individual to 7% of Maryland taxable income in excess of $1,000,000; applying the Act to taxable years beginning after December 31, 2021; etc.
Title
State Individual Income Tax – Millionaires’ Tax
Sponsors
History
Date | Chamber | Action |
---|---|---|
2021-01-18 | House | Hearing 2/04 at 1:30 p.m. |
2021-01-15 | House | First Reading Ways and Means |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 105 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0435?ys=2021RS |
Text | https://mgaleg.maryland.gov/2021RS/bills/hb/hb0435f.pdf |