image description

Proposed Bill Would Revise Tax Tables

February 21st, 2024 by WCBC Radio

House Bill 803 had its first hearing in Annapolis this past week.  The Economic Prosperity Act is an ambitious bill, seeking to refresh the state’s income tax tables.  Currently, income starting at $3,000 a year is taxed at 4.75% and this bill seeks to remove that tax burden all together.    House Minority Leader Jason Buckel gave testimony on the bill…