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Maryland Taxpayers Association
ENACTED 2004 MARYLAND TAX HIKES
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Decoupling estate tax fy 2005-2009
SB 508 BRFA |
$127,425.959. |
Decoupling SUV depreciation fy 2005-2009
SB 508 BRFA |
$ 74,786,543. |
Decoupling expensing of Sec 179 property fy2004-fy2006
SB 508 BRFA |
$ 30,998,620. |
Impose minimum county income tax rate on
non-resident taxpayers fy 2005-2009
SB 508 BRFA |
$160,242,000. |
“Increased existing and new fees” fy 2005-2009
SB 508 BRFA |
$ 30,597,246. |
Note: For all the foregoing in BRFA, see fiscal note
tax provisions
throughout and at 37-38. |
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State authorizations for local** tax hikes (several fy)
Note: up to $ 64,064,800 if HB1295 is later included.
HB 1162, 1161, 1547, 897, 380, 1445; SB 606, 441.
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$ 55,564,800. |
Note: HB 1295 becomes a tax hike if St. Mary’s
County fails to offset other
taxes by the additional “emergency services” revenue.
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Flush Tax fy2005-2009
SB 320, see fiscal note at 7. |
$ 324,270,000 |
“Holding company” corporate tax fy 2005-2009
HB 297, see fiscal note at 5. |
$ 249,000,000. |
Car Tax and Fee Hikes fy 2005-2009
HB 1467, see fiscal note at 1, 5. |
$ 913,131,900. |
| HMO Tax fy 2005-2010 |
$ 405,823,723. |
| HB 2 in special session, see fiscal note at
1. |
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| Governor’s veto overridden 2005. |
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TOTAL NEW MARYLAND STATE OR STATE-AUTHORIZED
TAXES ENACTED IN 2004 AND SPECIAL SESSION 2005.
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$ 2,371,840,791. |
| ** Includes Howard County, $ 24,500,000; Frederick County,
$ 17,484,000; Eastern Shore, $13,580,800. |
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