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Key Votes

HB 2 - Tax Reform Act of 2007 - Key Vote

Maryland Key Votes

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Stage Details

Legislation - Bill Sent To Committee (Senate) -
Legislation - Bill Passed (House) (82-55) - (Key vote)

Title: Tax Reform Act of 2007

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that adjusts the state income rate depending on income and the corporate tax rate from seven percent to 8.75 percent.

Highlights:
- Adjusts the state income tax brackets for individuals as follows [Sec. 1(10-105)(a)(1)]:
    - 4.0 percent for incomes between $2,001 and $3,000 - 4.75 percent for incomes between $3,001 and $125,000 - 5.25 percent for incomes between $125,001 and $150,000 - 5.5 percent for incomes between $150,001 and $200,000 - 5.75 percent for incomes over $200,000
- Adjusts the income tax brackets for joint-filers as follows [Sec. 1(10-105)(a)(2)]:
    - 2.0 percent for joint-incomes between $1 and $1,000 - 3.0 percent for joint-incomes between $1,001 and $2,000 - 4.0 percent for joint-incomes between $2,001 and $3,000 - 4.75 percent for joint-incomes between $3,001 and $175,000 - 5.25 percent for joint-incomes between $175,001 and $200,000 - 5.5 percent for joint-incomes between $200,001 and $250,000 - 5.75 percent for joint-incomes over $250,000
- Increases the individual exemption limit and dependent exemption limit from $2,400 to $3,200 for individuals whose income does not exceed $100,000 [Sec. 1(10-211)(a)(1)].
Legislation - Introduced (House) -

Title: Tax Reform Act of 2007

Sponsors

  • Michael Erin 'Mike' Busch (MD - D) (Out Of Office)
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