Maryland Senate Bill 622

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 26 2024 - 25% progression, died in committee
Action: 2024-01-29 - Hearing 2/14 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Requiring that a certain amount of revenue from the State individual income tax and Maryland estate tax be distributed to the Community Reinvestment and Repair Fund; altering the rates and rate brackets under the State income tax on certain income of individuals; providing for an additional State individual income tax rate on the net capital gains of individuals; altering a certain limit on the unified credit used for determining the Maryland estate tax; increasing the rate of the sales and use tax for cannabis from 9% to 14%; etc.

Community Reinvestment and Repair Fund - Funding (Maryland Reparations Act of 2024)

Sen. Jill Carter [D]

Date	Chamber	Action
2024-01-29	Senate	Hearing 2/14 at 1:00 p.m.
2024-01-26	Senate	First Reading Budget and Taxation

Chapter	Article	Section	Citation Type	Statute Text
Alcoholic Beverages	1	322	(n/a)	See Bill Text
Tax - General	10	105	(n/a)	See Bill Text
Tax - General	11	104	(n/a)	See Bill Text
Tax - General	2	605.3	(n/a)	See Bill Text
Tax - General	2	801	(n/a)	See Bill Text
Tax - General	7	309	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0622?ys=2024RS
Text	https://mgaleg.maryland.gov/2024RS/bills/sb/sb0622f.pdf