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HB 32 Alcoholic Beverage Tax - Rates

About the Bill
Synopsis: 
Increasing the State tax rate for alcoholic beverages from $1.50 to $5.25 per gallon for distilled spirits, from 40 cents to $1.40 per gallon for wine, and from 9 cents to 31.5 cents per gallon for beer.

HB13 Alcoholic Beverage Tax - Rates

About the Bill
Synopsis: 
Increasing the State tax rates for alcoholic beverages in Maryland from $1.50 to $3.50 per gallon for distilled spirits, from 40 cents to $1.00 per gallon for wine, and from 9 cents to 25 cents per gallon for beer.

SB 12 Individual Income Tax - Rate

About the Bill
Synopsis: 
Increasing from 4.75% to 5% the top marginal State individual income tax rate; repealing obsolete provisions; and applying the Act to tax years after 2007.
LWVMD's Position
Notes: 
Although not going anywhere nearly as far as the League proposed, the Act alters the rates and structure of the Maryland personal income tax making it somewhat more progressive. Increased tax rates beginning with tax year 2008 will apply to incomes above $150,000 for single filers and $200,000 for joint filers with a top rate of 5.5% for incomes over $500,000 for both single and joint filers. Previously, the highest rate was 5% for all filers with incomes over $3,000. There will be an increased personal exemption (from $2,400 to $3,200) and an expanded Earned Income Tax Credit for low income filers.

SB 13 Individual Income Tax - Rate and Personal Exemptions

About the Bill
Synopsis: 
Increasing from 4.75% to 5% the top marginal rate under the State income tax on individuals; decreasing from $2,400 to $2,000 the amount allowed as a deduction for specified personal exemptions under the Maryland income tax; repealing obsolete provisions; and applying the Act to tax years after 2007.

LWVMD Testimony on Alcoholic Beverage Tax-Rates

Presented To: 
Senate Budget and Taxation Committee
Date: 
3 Nov 2007
LWV Position: 
Support
The League of Women Voters of Maryland supports the proposed increase in state tax rates for alcoholic beverages in Maryland.
References
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