Legislation Details

Reference No. CR-022-2008    Draft No. 2
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 5/20/2008
Introduced Date 4/1/2008 Public Hearing Date
Effective date: 1/1/2009    
Title: A Resolution increasing the County income tax rate to 3.20% of the State taxable income.
Proposers/Sponsors: Samuel H. Dean, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2008022, 2. R2008022.pdf
Contact: Joseph R. Hamlin Office of Law
Title A Resolution increasing the County income tax rate to 3.20% of the State taxable income. Background This resolution will increase the County income tax rate from 3.10% to 3.20% of State taxable income. Pursuant to Section 10-106(b) of the Tax-General Article of the Annotated Code of Maryland, the tax rate increase will become effective January 1, 2009 and is projected to generate approximately $6.5 million in FY 2009 and $13 million on an annual basis.