Martin O'Malley, Governor

Ch. 3

[(2)] (II) 3% of Maryland taxable income of $1,001 through $2,000;

[(3)] (III) 4% of Maryland taxable income of $2,001 through [$3,000]
$15,000 $3.000: [and]

(IV) 4.75% OF MARYLAND TAXABLE INCOME OF $15,001

$3,001 THROUGH $150.000;

(V) 6% 5% OF MARYLAND TAXABLE INCOME OF $150,001
THROUGH $500,000 $300,000:

(VI) 5.25% of Maryland taxable income of $300.001

THROUGH $500.000; AND

[(4)] (VI)(VII) [for] 6.5% 5.5% OF Maryland taxable income in
excess of [$3,000:] $500,000.

[(i) 4.875% for a taxable year beginning after December 31, 1997
but before January 1, 1999;

(ii) 4.85% for a taxable year beginning after December 31, 1998
but before January 1, 2000;

(iii) 4.85% for a taxable year beginning after December 31, 1999
but before January 1, 2001;

(iv) 4.8% for a taxable year beginning after December 31, 2000
but before January 1, 2002; and

(v) 4.75% for a taxable year beginning after December 31,
2001.]

(2) FOR SPOUSES FILING A JOINT RETURN OR FOR A SURVIVING
SPOUSE OR HEAD OF HOUSEHOLD AS DEFINED IN § 2 OF THE INTERNAL
REVENUE CODE, THE STATE INCOME TAX RATE IS:

(I) 2% OF MARYLAND TAXABLE INCOME OF $1 THROUGH

$2,000 $1,000;

(II) 3% OF MARYLAND TAXABLE INCOME OF $2,001 $1,001

THROUGH $4,000 $2.000;

(III) 4% OF MARYLAND TAXABLE INCOME OF $4,001 $2,001

THROUGH $22,500 $3,000;

- 55 -