Md. Senate Panel Acts on Governor's Tax Relief Proposals - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Md. Senate Panel Acts on Governor's Tax Relief Proposals

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(Photo: MGN) (Photo: MGN)

ANNAPOLIS, Md. (AP) - A Maryland Senate panel has voted on some of Gov. Larry Hogan's tax relief proposals.

The budget panel approved a scaled-back version of the governor's reduction in the personal property tax. It will be limited to companies with $10,000 or less in taxable personal property. Implementation has been delayed for two years.

While the panel voted against eliminating automatic gas tax increases, it decided to lower a cap for inflationary indexing from 8 percent to 3 percent.

The panel decided not to go along with Hogan's proposal to eliminate state taxes on military pensions. Instead, the committee voted to double an exemption to $10,000 for veterans 65 and older.

The committee nixed the governor's bill to exempt up to $29,000 on first responders' pensions.


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