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MD Senate Approves Modest Tax-Relief Plan

March 23rd, 2016 by WCBC Radio

The Maryland Senate voted 37-8 this week to approve a modest tax-relief plan.  The plan now goes to the House.  The bill reduces Maryland's top four tax-rate brackets over five years. That affects single tax filers who make more than $100,000 and joint filers with income over $150,000. An analyst with the state's Department of Legislative Services says that would cut taxes between 1 and 3 percent in those brackets.  The plan also would expand the state's Earned Income Tax Credit, which is offered to low-income workers.  Governor Larry Hogan was most impressed with the bi-partisan support the legislation received…





 

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