The Honorable Casper R. Taylor, Jr.
Speaker of the House
Annapolis MD 21401
Dear Mr. Speaker:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 222 - Income Tax - Earned Income Credit.
This bill phases in a 5% increase of the Maryland refundable earned income tax credit. The bill increases the percentage of the federal earned income credit that must exceed the State income tax in order for an individual with one or more dependents to claim a refundable credit from 15% to 16% for tax years 2001 and 2002, increasing to 18% for tax year 2003 and 20% for tax years 2004 and beyond.
Senate Bill 166, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 222.
Parris N. Glendening