Ch. 2

1992 LAWS OF MARYLAND

Article - Tax - General

10-207.

(S) FOR A TWO-EARNER MARRIED COUPLE FILING A JOINT
RETURN, THE SUBTRACTION UNDER SUBSECTION (A) OF THIS SECTION
INCLUDES THE LESSER OF:

(1)     $1,200; OR

(2)     THE SALARY, WAGES, AND OTHER COMPENSATION FOR
PERSONAL SERVICES OF THE SPOUSE WITH THE LOWER SALARY, WAGES,
AND OTHER COMPENSATION FOR PERSONAL SERVICES FOR THE
TAXABLE YEAR.

SECTION 5. AND BE IT FURTHER ENACTED, That, notwithstanding §
10-106(b)(2) of the Tax - General Article, but subject to § 10-106(a)(3), (b)(1), (c), and
(d) of the Tax - General Article, for personal income taxes payable for calendar year
1992, a county or Baltimore City may increase by ordinance or resolution its county
income tax to not more than 60% of the State income tax for an individual. An increase
in a county income tax rate under this section may not take effect unless the county
notifies the Comptroller of the rate change on or before June 1, 1992. The Comptroller
shall issue new employer withholding tables, to be effective as of July 1, 1992, reflecting
the new tax rates under this Act including any new county income tax rates. The
Comptroller shall waive any interest or penalty imposed on an individual relating to
payment of estimated income tax for calendar year 1992 to the extent the Comptroller
determines that the interest or penalty would not have been incurred but for an increase
in the income tax rate for calendar year 1992 under this Act.

SECTION 6. AND BE IT FURTHER ENACTED, That, except as otherwise
provided in this section, Section 1 of this Act shall take effect July 1, 1992. The change
made under Section 1 of this Act to § 6-308(i)(l) of the Tax - General Property Article
shall be applicable to all taxable years beginning on or after July 1, 1993. Notwithstanding
the provisions of Article 24, § 9-1101 of the Code as enacted by this Act, the total grant
amount to be distributed under the provisions of Article 24, § 9-1101 of the Code for
Fiscal Year 1993 may not exceed the amount provided in the State Budget and the shares
to the eligible counties and jurisdictions shall be in proportion to the distribution as
calculated under the provisions of Article 24, § 9-1101 of the Code as provided under this

Act and shall be as provided in Chapter______ (S.B. 444) of the Acts of the General

Assembly of 1992.

SECTION 7. AND BE IT FURTHER ENACTED, That, notwithstanding any
other provision of law, funds shall be included in the budget for the Revenue Stabilization
Account of the State Reserve Fund established under § 7-311 of the State Finance and
Procurement Article from additional revenues resulting from imposition of a 6 percent
bracket on incomes over certain amounts as follows:

(1) For Fiscal Year 1993, the Governor shall include a deficiency appropriation of
at least $50,000,000 as part of the budget submitted to the 1993 Session of the General
Assembly;

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