HB 222

Did not advance

Income Tax Rates - Capital Gains Income

Sponsor: Julie Palakovich Carr (District 17)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/12 at 1:00 p.m. (as of Nov 6, 2020)

What this bill does

Official synopsis

Providing for an additional State individual income tax rate of 1% on net capital gains of individuals; applying the Act to taxable years beginning after December 31, 2019; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (19)

MGA witness list

FAV 12FavorableUNF 7Unfavorable

Position	Witness	Organization	Testimony
FAV	Gardiner, Shamoyialobbyist	ACY	Written (PDF)
FAV	DAS, KAMOLIKA	INSTITUTE ON TAX AND ECONOMIC POLICY	Position only
FAV	Edwards, Donna	MD DC AFL-CIOI	Written (PDF)
FAV	LITTLE, KOBI	MD NAACP	Position only
FAV	Orr, Benjamin	Maryland Center on Economic Policy	Written (PDF)
FAV	Schumitz, Kalilobbyist	Maryland Fair Funding Coalition	Written (PDF)
FAV	BOGDAN, Henrylobbyist	Marylnd Nonprofits	Position only
FAV	KILDEE, DOLLY	SEIU	Oral + Written (PDF)
FAV	smalls, cindylobbyist	afscme council 3	Position only
FAV	zwerling, samanthalobbyist	msea	Written (PDF)
FAV	francaviglia, Joe	strong schools maryland	Written (PDF)
FAV	Delegate Palakovich Carr, Delegate Palakovich Carrlegislator	Individual	Oral + Written (PDF)
UNF	Fry, Donald	Greater Baltimore Committee	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Written (PDF)
UNF	Ferguson, Colby	Maryland Farm Bureau	Oral + Written (PDF)
UNF	Castelli, Bill	Md Realtors	Oral + Written (PDF)
UNF	Swanson, Tricia	Montgomery County Chamber of Commerce	Written (PDF)
UNF	sundell, Paul	Individual	Oral + Written (PDF)

Organizations on record

ACYFAV 1

afscme council 3FAV 1

Greater Baltimore CommitteeUNF 1

INSTITUTE ON TAX AND ECONOMIC POLICYFAV 1

Maryland Building Industry AssociationUNF 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Fair Funding CoalitionFAV 1

Maryland Farm BureauUNF 1

Marylnd NonprofitsFAV 1

MD DC AFL-CIOIFAV 1

MD NAACPFAV 1

Md RealtorsUNF 1

Montgomery County Chamber of CommerceUNF 1

mseaFAV 1

SEIUFAV 1

strong schools marylandFAV 1

Registered lobbyists who testified

FAVGardiner, ShamoyiaACYRegistered for: Strong Schools Maryland, care of The Fund for Educational Excellence

FAVSchumitz, KaliMaryland Fair Funding CoalitionRegistered for: Maryland Center on Economic Policy

FAVBOGDAN, HenryMarylnd NonprofitsRegistered for: Maryland Nonprofits

FAVsmalls, cindyafscme council 3Registered for: AFSCME IU

FAVzwerling, samanthamseaRegistered for: Maryland State Education Association

UNFGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association

UNFGriffin, AndrewMaryland Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…