Md. Code, Tax-Gen. § 10-105

Current with changes from the 2024 Legislative Session

Section 10-105 - State income tax rates

(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.

(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 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.

Md. Code, TG § 10-105

Amended by 2013 Md. Laws, Ch. 617,Sec. 1, eff. 7/1/2013.