Bill Would Have Voters Approve Maryland Tax Hikes

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    NEWSLETTERS

    TK
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    A majority of Maryland voters would be asked to approve any new state or local taxes or tax rate increases, under a state constitutional amendment proposed by one lawmaker.

    Delegate Warren Miller, R-Howard, is behind the measure, which would also limit state spending and require Maryland to maintain a Rainy Day Fund equal to five percent of general fund revenues. If the Rainy Day Fund exceeds seven percent of general fund revenues, some money would be returned to taxpayers through a temporary tax rate reduction in the next year.

    Lawmakers have proposed similar measures in several prior legislative sessions, but the bills have never advanced to the floor of the House of Delegates for debate.

    A House committee will hold a hearing on the bill Tuesday afternoon.