HB 435

Did not advance

State Individual Income Tax – Millionaires’ Tax

Sponsor: Stephanie Smith (District 45)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/04 at 1:30 p.m. (as of Dec 1, 2021)

What this bill does

Official synopsis

Increasing the State income tax rate for an individual to 7% of Maryland taxable income in excess of $1,000,000; applying the Act to taxable years beginning after December 31, 2021; 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 (15)

MGA witness list

FAV 12FavorableUNF 3Unfavorable

Position	Witness	Organization	Testimony
FAV	Appletree, Roy	League of Women Voters of Maryland	Written (PDF)
FAV	Meyer, Christopherlobbyist	Maryland Center on Economic Policy	Oral + Written (PDF)
FAV	Slayton, Kevin	Maryland Fair Funding Coalition	Written (PDF)
FAV	Bogdan, Henrylobbyist	Maryland Nonprofits	Written (PDF)
FAV	Macey, Tiffany	Maryland State Education Association	Oral
FAV	Zwerling, Samanthalobbyist	Maryland State Education Association	Written (PDF)
FAV	Edwards, Donna	Maryland State and DC AFL-CIO	Written (PDF)
FAV	Cavanagh, Terry	SEIU Maryland & DC State Council	Written (PDF)
FAV	Robinson, Lamar	The Office of Delegate Stephanie Smith	Written (PDF)
FAV	Delegate Smith, Delegate Smithlegislator	Individual	Oral
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Smalls, Cindylobbyist	Individual	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
UNF	Swanson, Tricia	Montgomery County Chamber of Commerce	Written (PDF)
UNF	Italiano, Ginanne	The Greater Bethesda Chamber of Commerce	Written (PDF)

Organizations on record

League of Women Voters of MarylandFAV 1

Maryland Building Industry AssociationUNF 1

Maryland Center on Economic PolicyFAV 1

Maryland Fair Funding CoalitionFAV 1

Maryland NonprofitsFAV 1

Maryland State and DC AFL-CIOFAV 1

Maryland State Education AssociationFAV 2

Montgomery County Chamber of CommerceUNF 1

SEIU Maryland & DC State CouncilFAV 1

The Greater Bethesda Chamber of CommerceUNF 1

The Office of Delegate Stephanie SmithFAV 1

Registered lobbyists who testified

FAVMeyer, ChristopherMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVBogdan, HenryMaryland NonprofitsRegistered for: Maryland Nonprofits

FAVZwerling, SamanthaMaryland State Education AssociationRegistered for: Maryland State Education Association

FAVRiley, DeniseRegistered for: American Federation of Teachers - Maryland

FAVSmalls, CindyRegistered for: AFSCME IU

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