MD SB249 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 25 2012 - 25% progression, died in committee
Action: 2012-02-07 - Hearing 2/29 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2012 - 25% progression, died in committee
Action: 2012-02-07 - Hearing 2/29 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing the State income tax rate for an individual to 6.25% of Maryland taxable income in excess of $1,000,000; requiring the Comptroller to waive specified interest and penalties for the 2012 calendar year; and applying the Act to taxable years beginning after December 31, 2011.
Title
State Individual Income Tax - Millionaires' Tax
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-07 | Hearing 2/29 at 1:00 p.m. | |
| 2012-02-07 | Hearing cancelled | |
| 2012-01-31 | Hearing 2/8 at 1:00 p.m. | |
| 2012-01-25 | First Reading Budget and Taxation |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0249.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0249f.pdf |
