Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2024)
Sponsor: Johnny Mautz (District 37)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/28 at 1:00 p.m. (as of Nov 13, 2024)
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 (15)
MGA witness listFAV 11FavorableUNF 3UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Jackson, Marcuslobbyist | Associated Builders and Contractors | Written (PDF) |
| FAV | Blum, Danna | Carroll County Chamber of Commerce | Written (PDF) |
| FAV | Hawkins, Giavante | MSATP | Written (PDF) |
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Chambers, william | Salisbury Area Chamber of Commerce | Written (PDF) |
| FAV | RASMUSSEN, DENNISlobbyist | The Rasmussen Group LLC | Written (PDF) |
| FAV | Krone, Christinelobbyist | Individual | Written (PDF) |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Meyerovich, Mark | Individual | Position only |
| FAV | Senator Mautz, Senator Mautzlegislator | Individual | Oral |
| UNF | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Written (PDF) |
| UNF | Vykol-Gray, Laura | Maryland Department of Budget and Management OPSB | Written (PDF) |
| UNF | Burns, Melissa | Individual | Position only |
| INFO | Harris, Mrs. | Individual | Position only |
Organizations on record
MSATPFAV 1
Registered lobbyists who testified
FAVJackson, MarcusAssociated Builders and ContractorsRegistered for: Associated Builders & Contractors
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce
FAVRASMUSSEN, DENNISThe Rasmussen Group LLCRegistered for: Baltimore Children's Museum, Inc. dba Port Discovery Children's Museum; Chesapeake Renewable Energy, LLC; Chesapeake Ventures Development, LLC; Greater Ocean City Maryland Chamber of Commerce, Inc.; HarborRock Holdings, LLC; Maryland Mortgage Bankers & Brokers Association (MMBBA)…
FAVKrone, ChristineRegistered for: American Coatings Association; Baltimore Gas and Electric Company; City of Rockville; Coordinating Center for Home and Community Care, The, LLC (dba The Coordinating Center); Greater Washington Society for Clinical Social Work, Inc.; LifeSpan Network…
UNFSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy