HB 201

Did not advance

Income Tax Rates – Capital Gains Income

Sponsor: Julie Palakovich Carr (District 17)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 1/21 at 1:30 p.m. (as of Dec 1, 2021)

What this bill does

Official synopsis

Providing for an additional State individual income tax rate of 1% on net capital gains of individuals, subject to certain exceptions; and applying the Act to taxable years beginning after December 31, 2020.

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Testimony (17)

MGA witness list

FAV 14FavorableUNF 3Unfavorable

Position	Witness	Organization	Testimony
FAV	McNichol, Elizabeth	Center on Budget and Policy Priorities	Oral
FAV	O'Neill, Dylan Grundman	Institute on Taxation and Economic Policy	Oral
FAV	Appletree, Roy	League of Women Voters of Maryland	Written (PDF)
FAV	Schumitz, Kalilobbyist	Maryland Center on Economic Policy	Written (PDF)
FAV	Jackson, Kuijuan	Maryland Communities United	Oral
FAV	Slayton, Kevin	Maryland Fair Funding Coalition	Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Written (PDF)
FAV	Edwards, Donna	Maryland State and DC AFL-CIO	Written (PDF)
FAV	Elliott, Richard DeShay	Prince George's County Young Democrats	Written (PDF)
FAV	Delegate Palakovich Carr, Delegate Palakovich Carrlegislator	Individual	Position only
FAV	Palakovich Carr, Julie	Individual	Written (PDF)
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Simon, Travis	Individual	Written (PDF)
FAV	Smalls, Cindylobbyist	Individual	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
UNF	Griffin, Andrewlobbyist	Maryland Chamber of Commerce	Written (PDF)
UNF	Mitchell, Susan	Maryland REALTORS	Oral + Written (PDF)

Organizations on record

Center on Budget and Policy PrioritiesFAV 1

Institute on Taxation and Economic PolicyFAV 1

League of Women Voters of MarylandFAV 1

Maryland Building Industry AssociationUNF 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Communities UnitedFAV 1

Maryland Fair Funding CoalitionFAV 1

Maryland Legislative CoalitionFAV 1

Maryland REALTORSUNF 1

Maryland State and DC AFL-CIOFAV 1

Prince George's County Young DemocratsFAV 1

Registered lobbyists who testified

FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVRiley, DeniseRegistered for: American Federation of Teachers - Maryland

FAVSmalls, CindyRegistered for: AFSCME IU

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…