Key Votes
SB 1302 - Increases Tax Rates for Certain Individuals - Key Vote
Maryland Key Votes
Eric Luedtke voted Yea (Passage) on this legislation.
Read recent statements Eric Luedtke made in this general time period.
Stages
- May 22, 2012 Became Law Without Governor's Signature
- May 16, 2012 House Bill Passed
- May 15, 2012 Senate Bill Passed
- May 14, 2012 Introduced
Family
Issues
Stage Details
Legislation - Became Law Without Governor's Signature (Executive) - May 22, 2012
Title: Increases Tax Rates for Certain Individuals
Legislation - Bill Passed (House) (77-60) - May 16, 2012 (Key vote)
Title: Increases Tax Rates for Certain Individuals
Vote to pass a bill that increases tax rates for certain individuals.
- Increases income tax rates for individuals with incomes greater than $100,000 as follows, effective June 1, 2012 (Secs. 1 & 13):
- 5 percent for taxable incomes between $100,001 and $125,000;
- 5.25 percent for taxable incomes between $125,001 and $150,000;
- 5.5 percent for taxable incomes between $150,001 and $250,000; and
- 5.75 percent for taxable incomes greater than $250,000.
- Increases income tax rates for spouses filing joint returns with incomes greater than $150,000 as follows, effective June 1, 2012 (Secs. 1 & 13):
- 5 percent for taxable incomes between $150,001 and $175,000;
- 5.25 percent for taxable incomes between $175,001 and $225,000;
- 5.5 percent for taxable incomes between $225,001 and $300,000; and
- 5.75 percent for taxable incomes greater than $300,000.
- Limits tax exemptions for individuals with incomes greater than $100,000 as follows, beginning with the taxable year after December 31, 2012 (Sec. 1):
- $1,600 for incomes between $100,000 and $125,000;
- $800 for incomes between $125,000 and $150,000;
- $0 for incomes between $150,000 and $200,000; and
- $600 for incomes greater than $200,000.
- Limits tax exemptions for spouses filing joint returns with incomes greater than $100,000 as follows, beginning with the taxable year after December 31, 2012 (Sec. 1):
- $1,600 for incomes between $150,000 and $175,000;
- $800 for incomes between $175,000 and $200,000;
- $0 for incomes between $200,000 and $250,000; and
- $600 for incomes greater than $250,000.
- Increases the tobacco tax rate from 15 percent to 30 percent, effective July 1, 2012 (Secs. 2 & 11).
- Establishes a 70 percent tobacco tax rate for cigars and a 15 percent tax rate for premium cigars, effective July 1, 2012 (Secs. 2 & 11).
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Legislation - Bill Passed (Senate) (27-19) - May 15, 2012 (Key vote)
Title: Increases Tax Rates for Certain Individuals
Vote to pass a bill that increases tax rates for certain individuals.
- Increases income tax rates for individuals with incomes greater than $100,000 as follows, effective June 1, 2012 (Secs. 1 & 13):
- 5 percent for taxable incomes between $100,001 and $125,000;
- 5.25 percent for taxable incomes between $125,001 and $150,000;
- 5.5 percent for taxable incomes between $150,001 and $250,000; and
- 5.75 percent for taxable incomes greater than $250,000.
- Increases income tax rates for spouses filing joint returns with incomes greater than $150,000 as follows, effective June 1, 2012 (Secs. 1 & 13):
- 5 percent for taxable incomes between $150,001 and $175,000;
- 5.25 percent for taxable incomes between $175,001 and $225,000;
- 5.5 percent for taxable incomes between $225,001 and $300,000; and
- 5.75 percent for taxable incomes greater than $300,000.
- Limits tax exemptions for individuals with incomes greater than $100,000 as follows, beginning with the taxable year after December 31, 2012 (Sec. 1):
- $1,600 for incomes between $100,000 and $125,000;
- $800 for incomes between $125,000 and $150,000;
- $0 for incomes between $150,000 and $200,000; and
- $600 for incomes greater than $200,000.
- Limits tax exemptions for spouses filing joint returns with incomes greater than $100,000 as follows, beginning with the taxable year after December 31, 2012 (Sec. 1):
- $1,600 for incomes between $150,000 and $175,000;
- $800 for incomes between $175,000 and $200,000;
- $0 for incomes between $200,000 and $250,000; and
- $600 for incomes greater than $250,000.
- Increases the tobacco tax rate from 15 percent to 30 percent, effective July 1, 2012 (Secs. 2 & 11).
- Establishes a 70 percent tobacco tax rate for cigars and a 15 percent tax rate for premium cigars, effective July 1, 2012 (Secs. 2 & 11).
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Legislation - Introduced (Senate) - May 14, 2012
Title: Increases Tax Rates for Certain Individuals