Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2023)
Sponsor: Wayne A. Hartman (District 38C)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/23 at 1:00 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Decreasing, over 5 taxable years, the State corporate income tax rate from 8.25% to 6.25%.
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Testimony (10)
MGA witness listFAV 8FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| FAV | Griffin, Andrewlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Kane, Mary | Maryland Chamber of Commerce | Oral |
| FAV | Price, Sarahlobbyist | Maryland Retailers Association | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Delegate Hartman, Delegate Hartmanlegislator | Individual | Oral |
| FAV | Meyerovich, Mark | Individual | Position only |
| FAV | Vetter, Drew | Individual | Position only |
| UNF | Grady, Helene | Department of Budget and Management | Written (PDF) |
| UNF | Westervelt, Patricia | Maryland Department of Transportation | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association
FAVGriffin, 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…
FAVPrice, SarahMaryland Retailers AssociationRegistered for: Maryland Retailers Alliance; Maryland Retailers Association
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce