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2012 Regular Session bill information current as of February 23, 2012 - 1:31 a.m.
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SENATE BILL 249

Bill is in the Senate - First Reading Budget and Taxation

File Code: Taxes - Income
Prior Year Introduction As: SB 30/11S1 - SRU
Crossfiled with: HOUSE BILL 784

Sponsored By:
Senators Jones-Rodwell and Pinsky

Entitled:
State Individual Income Tax - Millionaires' Tax

Synopsis:

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.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. Explain Legislative Date and Calendar Date
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Senate Action
1/25
First Reading Budget and Taxation
1/31
Hearing 2/8 at 1:00 p.m.
2/7
Hearing cancelled
Hearing 2/29 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Verna L. Jones-Rodwell, District 44
Senator Paul G. Pinsky, District 22

Bill indexed under the following Subjects:

Comptroller
Income Tax
Interest
Penalties and Sentences -see also- Death Penalty

Bill affects the following Statute:

Tax - General
( 10-105 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered


Top Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Bill