Current as of: 2010
(a) (1) Except as provided in paragraph (3) of this subsection, for an individual other than an individual described in paragraph (2) of this subsection, the State income tax rate is:(i) 2% of Maryland taxable income of $1 through $1,000; (ii) 3% of Maryland taxable income of $1,001 through $2,000; (iii) 4% of Maryland taxable income of $2,001 through $3,000; (iv) 4.75% of Maryland taxable income of $3,001 through $150,000; (v) 5% of Maryland taxable income of $150,001 through $300,000; (vi) 5.25% of Maryland taxable income of $300,001 through $500,000; and (vii) 5.5% of Maryland taxable income in excess of $500,000. (2) Except as provided in paragraph (3) of this subsection, 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 $1,000; (ii) 3% of Maryland taxable income of $1,001 through $2,000; (iii) 4% of Maryland taxable income of $2,001 through $3,000; (iv) 4.75% of Maryland taxable income of $3,001 through $200,000; (v) 5% of Maryland taxable income of $200,001 through $350,000; (vi) 5.25% of Maryland taxable income of $350,001 through $500,000; and (vii) 5.5% of Maryland taxable income in excess of $500,000. (3) For a taxable year beginning after December 31, 2007, but before January 1, 2011, the State income tax for an individual, including spouses filing a joint return or a surviving spouse or head of household as defined in § 2 of the Internal Revenue Code, is: (i) for Maryland taxable income up to $500,000, the rate specified in paragraph (1)(i) through (vi) or (2)(i) through (vi) of this subsection; and (ii) for Maryland taxable income in excess of $500,000: 1. 5.5% of Maryland taxable income of $500,001 through $1,000,000; and 2. 6.25% of Maryland taxable income in excess of $1,000,000. (b) The State income tax rate for a corporation is 8.25% of Maryland taxable income. (c) For a husband and wife filing a joint income tax return, the rates specified in subsection (a) of this section apply to the joint Maryland taxable income of the husband and wife. (d) For a nonresident: (1) the rates specified in subsection (a) of this section apply to the nonresident’s Maryland taxable income, calculated without regard to the subtractions under § 10–210(b), (e), and (f) of this title; and (2) the State income tax imposed equals the result obtained under item (1) of this subsection multiplied times a fraction: (i) the numerator of which is the nonresident’s Maryland taxabl Prev | Next________________________________________________________________________
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