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Maryland lawmakers were working into the morning to pass legislation that includes these proposals:
¿ Overhaul personal income tax system: New top rates of 5 percent on taxable income of more than $150,000 for individuals and $200,000 for joint filers; 5.25 percent on more than $300,000 for individuals and $350,000 for joint filers; and 5.5 percent for more than $500,000 for all filers. Personal exemption increases by $800 for individuals under $100,000 and joint filers under $150,000; exemptions tier downward as income increases.
¿ Corporate income tax: Increases from 7 percent to 8.25 percent. Proposal calls for a study of "combined reporting," which advocates say would make it more difficult to shelter income in out-of-state subsidiaries.
¿ Sales tax: Increases from 5 to 6 percent. New rate is applied to computer services, which are now exempt.
¿ Titling tax on vehicles: Increases from 5 to 6 percent.
¿ Tobacco tax: Increases from $1 per of pack of cigarettes to $2.
