Governor Hogan Thanks Members Of General Assembly For Taking Action To Provide Tax Relief
“We simply cannot make Marylanders wait for potentially differing opinions from the attorney general or a court of law which could put Maryland taxpayers at risk. We fully understand that various legislators in both houses and on both sides of the aisle have other proposals on possible solutions to this problem. I have repeatedly said that we will work to find the best ideas, regardless of which side of the aisle they come from, in order to reach common sense bipartisan solutions to the serious problems that face us.” – Governor Larry Hogan, January 25, 2018
Protecting Maryland Taxpayers Act
Governor Hogan’s Proposal Will Make Permanent A Provision In Maryland Law Preventing Changes In The Federal Tax Code From Impacting Maryland State And Local Taxes, And Will Enable Marylanders To Take The Standard Deduction At The Federal Level If They Choose To Do So. “An individual may elect to itemize deductions to compute Maryland taxable income whether or not the individual itemizes deductions on the individual’s federal income tax return in determining federal taxable income… For an individual who does not itemize deductions on the individual’s federal income tax return but elects to itemize deductions to compute Maryland taxable income, the deduction allowed under subsection (b) of this section shall be determined as if the individual itemized deductions on the individual’s federal income tax return.” (“Senate Bill 733,” Maryland General Assembly, 2/5/18)
Governor Hogan Is Committed To Providing Relief To Hardworking Marylanders
Governor Hogan: “I am confident that our partners in the General Assembly who have expressed concern over the impact of this tax reform bill will support us unanimously in protecting Marylanders who could be negatively affected. Protecting taxpayers should be a bipartisan issue.” (Michael Dresser and Erin Cox, “Gov. Larry Hogan Says He Will Submit Legislation To Protect Maryland Taxpayers From Federal Overhaul,” The Baltimore Sun, 12/20/17)
Legislation Introduced By Senator Andrew Serafini And Sponsored By Senator Edward Kasemeyer Provides Middle Class Marylanders With Tax Relief
Legislation Introduced By Senator Serafini And Sponsored By Senator Kasemeyer Increases the Standard Deduction For Individuals By $500 And $1,000 For Couple. “For an individual other than one described in paragraphs (2) and (3) of this subsection, the standard deduction: may not be less than $1,500; and may not exceed [$2,000] $2,500. For an individual described in § 2 of the Internal Revenue Code as a head of household or as a surviving spouse, the standard deduction: may not be less than $3,000; and may not exceed [$4,000] $5,000. For spouses on a joint return, the standard deduction: may not be less than $3,000; and may not exceed [$4,000] $5,000.” (“Senate Bill 318,” Maryland General Assembly, 3/12/18)
• Members Of The Maryland Senate Voted Unanimously 46-0, On Third Reader To Approve Senate Bill 318. (“Senate Bill 318,” Maryland General Assembly, 3/14/18)
