(a)(1) 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 $100,000;
(v) 5% of Maryland taxable income of $100,001 through $125,000;
(vi) 5.25% of Maryland taxable income of $125,001 through $150,000;
(vii) 5.5% of Maryland taxable income of $150,001 through $250,000; and
(viii) 5.75% of Maryland taxable income in excess of $250,000.
(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 $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 $175,000;
(vi) 5.25% of Maryland taxable income of $175,001 through $225,000;
(vii) 5.5% of Maryland taxable income of $225,001 through $300,000; and
(viii) 5.75% of Maryland taxable income in excess of $300,000.
(b) The State income tax rate for a corporation is 8.25% of Maryland taxable income.
(c) For a married couple filing a joint income tax return, the rates specified in subsection (a) of this section apply to the joint Maryland taxable income of the married couple.
(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 taxable income, calculated with the subtractions under § 10-210(b), (e), and (f) of this title; and
(ii) the denominator of which is the nonresident's Maryland taxable income, calculated without regard to the subtractions under § 10-210(b), (e), and (f) of this title.
Credits
Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1992, 1st Sp. Sess., c. 2, §§ 2, 3; Acts 1993, c. 256, § 1; Acts 1997, c. 4, § 1, eff. July 1, 1997; Acts 1998, c. 4, § 1, eff. July 1, 1998; Acts 2007, 1st Sp. Sess., c. 3, § 1, eff. Jan. 1, 2008; Acts 2008, c. 10, § 2, eff. July 1, 2008; Acts 2012, 1st Sp. Sess., c. 2, § 1, eff. June 1, 2012; Acts 2013, c. 617, § 1, eff. July 1, 2013.
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
