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Key Votes

SB 1302 - Increases Tax Rates for Certain Individuals - Key Vote

Maryland Key Votes

Eric Luedtke voted Yea (Passage) on this Legislation.

Read statements Eric Luedtke made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Became Law Without Governor's Signature (Executive) -

Title: Increases Tax Rates for Certain Individuals

Legislation - Bill Passed (House) (77-60) - (Key vote)

Title: Increases Tax Rates for Certain Individuals

Vote Smart's Synopsis:

Vote to pass a bill that increases tax rates for certain individuals.

Highlights:
  • 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:

NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE

Legislation - Bill Passed (Senate) (27-19) - (Key vote)

Title: Increases Tax Rates for Certain Individuals

Vote Smart's Synopsis:

Vote to pass a bill that increases tax rates for certain individuals.

Highlights:
  • 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:

NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE

Legislation - Introduced (Senate) -

Title: Increases Tax Rates for Certain Individuals

Sponsors

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