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Maryland Senate keeps income tax at two percent
Annapolis Feb two Senate approves a freeze on the personal income tax rate keeping it at 2 percent. The measure returns to the House with two minor amendments and could be signed by Governor Lane as a Treasury surplus is projected at about 25.5 million dollars. Two Republicans opposed the move as inequitable while a floor effort to cut unearned income was rejected 16 to 13. The House meanwhile passed unemployment compensation bills and debated sales tax exemptions for food and clothing for babies under three.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland Senate
General Assembly
Senate
House
Senate Finance Committee
Lane
Treasury
Kimble
Allegany County
O'Neill
Harford County
Starm
D-Frederick
Storm
Sotheron
Prince George's
Phoebus
Somerset
Reeves
R-Montgomery
Bertorelli
D-Balto Ist