Dayhoff Soundtrack: 20071203 Senate Bill 2 Tax Reform Act of 2007

Thursday, December 06, 2007

20071203 Senate Bill 2 Tax Reform Act of 2007

2007 1st Special Session bill information current as of December 3, 2007 - 4:42 p.m.
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SENATE BILL 2

CHAPTER NUMBER: 3

File Code: Taxes - Miscellaneous

Crossfiled with: HOUSE BILL 2

Sponsored By:

The President (By Request - Administration)

Entitled:

Tax Reform Act of 2007

Synopsis:

Altering the rates and rate brackets under the State individual income tax; applying income tax rates to nonresidents; expanding the sales and use tax to specified services; increasing the corporate income tax rate from 7% to 8.25%; imposing recordation and transfer taxes on the transfer of controlling interest in specified real property owning entities; etc.

History by Legislative and Calendar Date

Senate Action

10/29

First Reading Budget and Taxation

10/30

Hearing 10/31 at 1:00 p.m.

10/31

Hearing 11/1 at 10:00 a.m.

11/7

Favorable with Amendments Report by Budget and Taxation

10/31

Favorable with Amendments

11/1

Favorable with Amendments

Committee Amendment (#1-2, 4, 7, 11, 13, 17, 18) Adopted

Committee Amendment (#3) Adopted (25-20)

Committee Amendment (#5) Adopted (45-2)

Committee Amendment (#6) Adopted (28-16)

Committee Amendment (#8) Adopted (35-11)

Committee Amendment (#9) Adopted

Committee Amendment (#10) Adopted (29-16)

Committee Amendment (#12) Adopted (26-21)

Committee Amendment (#14) Adopted (26-20)

Committee Amendment (#15) Adopted

Committee Amendment (#16) Adopted (28-18)

Favorable with Amendments Report Adopted

Floor Amendment (Senator Currie) Adopted

Floor Amendment (Senator Kelley) Rejected (23-24)

Floor Amendment (Senator Haines) Adopted

Floor Amendment (Senator Mooney) Rejected (21-26)

Floor Amendment (Senator Jacobs)

Motion " Special Order until later today (Senator Kasemeyer) " Adopted

Floor Amendment (Senator Jacobs) Rejected (15-28)

Floor Amendment (Senator Jacobs)

Floor Amendment (Senator Jacobs) Adopted

Floor Amendment (Senator Jacobs) Rejected (20-26)

Floor Amendment (Senator Jacobs) Rejected (18-29)

Floor Amendment (Senator McFadden) Adopted (36-10)

Floor Amendment (Senator McFadden) Rejected (10-35)

Floor Amendment (Senator Colburn) Rejected (16-31)

Floor Amendment (Senator Greenip) Rejected (17-29)

Floor Amendment (Senator Pipkin) Adopted

Floor Amendment (Senator Pipkin) Withdrawn

Floor Amendment (Senator Pipkin) Rejected (13-32)

Floor Amendment (Senator Zirkin) Adopted

Floor Committee Amendment (Budget and Taxation)

Floor Committee Amendment (#1-2) Adopted (36-10)

Floor Committee Amendment (#3) Adopted (30-17)

Floor Committee Amendment (#4) Adopted (29-18)

Floor Committee Amendment (#5) Adopted (47-0)

Floor Amendment (Senator Frosh) Adopted (24-23)

Floor Amendment (Senator Pipkin) Rejected (16-29)

Floor Amendment (Senator Kasemeyer) Adopted (46-0)

Second Reading Passed with Amendments

11/3

Motion limit debate (Senator Kasemeyer) Adopted (29-18)

Third Reading Passed (24-23)

11/9

Senate Concur - House Amendments

Motion limit debate (Senator Kasemeyer) Rejected (28-16)

Motion limit debate (Senator Kasemeyer) Adopted (29-15)

Third Reading Passed (24-20)

Passed Enrolled

House Action

11/2

First Reading Ways and Means & Appropriations

11/12

Hearing 11/14 at 1:00 p.m.

11/18

Favorable with Amendments Report by Ways and Means

11/13

Favorable with Amendments Report Adopted

Floor Amendment (Delegate Haddaway)

Motion vote previous question (Delegate Minnick) Adopted

Floor Amendment (Delegate Haddaway) Rejected (46-74)

Floor Amendment (Delegate Stifler) Rejected

Second Reading Passed with Amendments

Motion Rules Suspended two readings same day (Delegate Barve) Adopted (113-20)

Floor Amendment (Delegate Dumais) Withdrawn

Motion vote previous question (Delegate Minnick) Adopted

Third Reading Passed with Amendments (78-56)

Action after passage in Senate and House

11/19

Approved by the Governor

- Chapter 3

Sponsored by:

President, The

Administration

Bill indexed under the following Subjects:

Admissions and Amusement Tax

Aircraft

Appropriations

Assessments and Taxation, Department of

Attorneys

Baltimore City

Bingo

Blind Persons

Chesapeake Bay

Cigarettes -see also- Smoking

Commerce and Business -see also- Dealers; Traders; etc

Committees and Commissions -see also- Political Committees

Comptroller

Conservation -see also- Soil Conservation

Corporations -see also- Municipal Corps; Public Corps & Inst

Crimes and Punishments -see also- Penalties; Sentences; etc.

Elderly Persons

Energy Matters -see also- Fuel; Power Plants; Solar Energy

Environmental Matters -see also- Conserv; Nat Resrce; Pollut

Excise Tax

Exemptions

Fish and Fishing -see also- Aquaculture; Gill Nets

Fuel Tax

Health -see also- Mental Health

Heating and Cooling

Higher Education -see also- Comm Colleges; Med Schools; etc.

Income Tax

Interest

Legislation -see also- Corrective Leg; Curative Leg

License Plates

Liens -see also- Mechanics` Liens

Massage

Motor Vehicles -see also- Aband Veh; Ambulances; Buses; etc.

Nonresidents -see also- Aliens

Penalties

Program Open Space

Property Tax

Public Debt -see also- County & Balt City Bonds; State Bonds

Real Property

Recordation

Reports

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Rivers and Streams

Rules and Regulations

Sales and Use Tax

Solar Energy

State Bonds

State Police, Department of

State Universities and Colleges

Sunset

Tax Credits -see also- Circuit Breaker

Tobacco

Transfer Tax

Transportation-see also- Aircraft; Airports; Boats; etc

Tuition

Vending Machines

Video

Waterway Improvement Fund

Bill affects the following Statutes:

Business Occupations and Professions

( 10-313 )

Education

( 15-106.6 )

Tax - General

( 2-106 , 2-106 , 2-613.1 , 2-614 , 2-615 , 10-102.1 , 10-105 , 10-110 , 10-207 , 10-210.1 , 10-211 , 10-402 , 10-601 , 10-704 , 10-804 , 10-804.1 , 10-908 , 10-908 , 10-912 , 11-101 , 11-101 , 11-105 , 11-219 )