MD HB429 | 2012 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 8)
Status: Introduced on February 1 2012 - 25% progression, died in committee
Action: 2012-02-03 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 1 2012 - 25% progression, died in committee
Action: 2012-02-03 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reducing the State income tax rate on the Maryland taxable income of corporations from 8.25% to 7.25%; altering the rate of the sales and use tax from 6% to 5.5% for fiscal year 2013 and to 5% beginning July 1, 2013; etc.
Title
Sales and Corporate Income Tax Relief (Better Maryland - Tax Relief)
Sponsors
| Del. Robert Costa [R] | Del. Donald Dwyer [R] | Del. Ronald George [R] | Del. Nicholaus Kipke [R] |
| Del. Tony McConkey [R] | Del. Herbert McMillan [R] | Del. Steven Schuh [R] | Del. Cathleen Vitale [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-03 | Hearing 2/14 at 1:00 p.m. | |
| 2012-02-01 | First Reading Ways and Means |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB0429.htm |
| Text | http://mlis.state.md.us/2012rs/bills/hb/hb0429f.pdf |
