Day: March 15, 2012

State Roundup, March 15, 2012

Senate approves tax on those making $500,000+ as it plows through the state budget bill; O’Malley dances for his gas tax plan but some lawmakers want use of hike targeted; Senate wants to withhold DGS bucks until Housing move costs explained; Senate OKs bill to fine drivers who smoke with child passengers; state Sen. Garagiola faces tough fight in district drawn for him; U.S. Rep. Van Hollen gets to know new constituents; and Arundel County Police admit statewide criminal database was accessed for County Exec Leopold.

Senate adds new tax for high earners to pay for schools

The Senate voted 26-20 for a late amendment to a bill that would raise the state income tax by .25% for most Marylanders. The added amendment goes a step further, raising the bill’s proposed tax rate for anyone making over $500,000 from 5.5% to 5.75% for every dollar earned. The new provision would raise an additional $30 million in new revenue for aging schools.

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