2004 MARYLAND TAX HIKES: $2.4 Billion

Decoupling estate tax fy 2005-2009 $127,425.959.
SB 508 BRFA

Decoupling SUV depreciation fy 2005-2009 $ 74,786,543.
SB 508 BRFA

Decoupling expensing of Sec 179 property fy2004-fy2006 $ 30,998,620.
SB 508 BRFA

Impose minimum county income tax rate on non-resident taxpayers fy 2005-2009 $160,242,000.
SB 508 BRFA

"Increased existing and new fees" fy 2005-2009 $ 30,597,246.
SB 508 BRFA

For all the foregoing in BRFA, see fiscal note tax provisions throughout and at 37-38.

State authorizations for local** tax hikes (several fy) $ 55,564,800.
up to $ 64,064,800 if HB1295 is later included.

HB 1162, 1161, 1547, 897, 380, 1445; SB 606, 441.
HB 1295 becomes a tax hike if St. Mary's County fails to offset other taxes by the additional "emergency
services" revenue.

Flush Tax fy2005-2009 $ 324,270,000
SB 320, see fiscal note at 7.

"Holding company" corporate tax fy 2005-2009 $ 249,000,000.
HB 297, see fiscal note at 5.

Car Tax and Fee Hikes fy 2005-2009 $ 913,131,900.
HB 1467, see fiscal note at 1, 5.

HMO Tax fy 2005-2010 $ 405,823,723.
HB 2 in special session, see fiscal note at 1.
Governor's veto overridden 2005.
_________________________________________________________________
TOTAL NEW MARYLAND STATE OR STATE-AUTHORIZED TAXES
ENACTED IN 2004
$ 2,371,840,791.

** Howard County $ 24,500,000.
Frederick County $ 17,484,000.
Eastern Shore $13,580,800.