File Code: Taxes - Income
Prior Year Introduction As:
SB 30/11S1 - SRU
Crossfiled with: HOUSE BILL 784
- Sponsored By:
Senators Jones-Rodwell and Pinsky
State Individual Income Tax - Millionaires' Tax
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.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms click here
- First Reading Budget and Taxation
- Hearing 2/8 at 1:00 p.m.
- Hearing cancelled
- Hearing 2/29 at 1:00 p.m.
- No Action
- Senator Verna L. Jones-Rodwell, District 44
- Senator Paul G. Pinsky, District 22
Bill indexed under the following Subjects:
- Income Tax
- Penalties and Sentences -see also- Death Penalty
Bill affects the following Statute:
- Tax - General
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
Third Reading, Enrolled
- Fiscal and Policy Note: