H.B. 1154                                                VETOES

(XII) A REPRESENTATIVE OF THE GREATER BALTIMORE

COMMITTEE;                                                     

(XIII)A REPRESENTATIVE OF THE GREATER WASHINGTON BOARD
OF TRADE;                                                         

(XIV) A REPRESENTATIVE OF THE SUBURBAN MARYLAND HIGH
TECH COUNCIL;

(XV) A REPRESENTATIVE OF ORGANIZED LABOR; AND

(XVI) 3 INDIVIDUALS FROM THE GENERAL PUBLIC, REFLECTING THE
DEMOGRAPHIC MAKEUP OF THE STATE.

(C) THE GOVERNOR SHALL DESIGNATE THE CHAIRMAN OF THE TASK FORCE.

(D) THE DEPARTMENT OF FISCAL SERVICES AND THE DEPARTMENT OF
LEGISLATIVE REFERENCE SHALL PROVIDE STAFF FOR THE TASK FORCE.

(E) A MEMBER OF THE TASK FORCE:

(1) MAY NOT RECEIVE COMPENSATION FOR SERVING ON THE TASK
FORCE; BUT

(2) IS ENTITLED TO REIMBURSEMENT FOR EXPENSES UNDER THE
STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET.

(F) THE TASK FORCE SHALL;                 

(1) REVIEW MARYLAND'S OVERALL REVENUE AND TAX STRUCTURE,
EXCLUDING TRANSPORTATION DEDICATED REVENUES, CONCENTRATING ON THE
BALANCE AND THE MIX OF TAXES AND THE RELATIVE TAX BURDENS AND EQUITIES
UNDER MARYLAND'S TAX STRUCTURE IN RELATION TO OTHER STATES,
ESPECIALLY THOSE IN COMPETITION WITH THE STATE FOR BUSINESS LOCATION
AND EXPANSION;                                               

(2) CONSIDER WHETHER THE STRUCTURE OF THE STATE'S
TRADITIONAL TAX BASE PRIMARILY THE SALES TAX, THE PERSONAL INCOME TAX,
AND THE CORPORATE INCOME TAX IS CONSISTENT WITH THE ECONOMIC AND
DEMOGRAPHIC CHANGES THAT HAVE OCCURRED OVER THE LAST 5 DECADES;

(3) CONSIDER WHETHER THE STATE RELIES TOO HEAVILY ON THE
PERSONAL INCOME TAX AND WHETHER THE STATE SALES TAX BASE SHOULD BE
EXPANDED AND CONSIDER OTHER POTENTIAL BASE BROADENING AND RATE
REDUCTION MEASURES OR OTHER CHANGES TO THE STATE'S TAXES TO IMPROVE
THE STATE'S TAX CLIMATE;

(4) CONSIDER THE INTERRELATIONSHIP BETWEEN MODIFICATIONS IN
THE STATE'S TAX STRUCTURE AND THE TAXES IMPOSED BY LOCAL GOVERNMENT;

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