ANNAPOLIS, Md. (AP) — The Maryland Senate has passed a bill so Marylanders can keep taking state personal exemptions on their tax returns.

Senators voted 45-0 for the bill Tuesday. A separate bill is in the House.

The measure is part of state lawmakers’ response to the federal tax overhaul approved in December.

Maryland state tax revenues are estimated to increase by about $730 million, if the federal law is determined to eliminate the state’s personal tax exemption. Local government taxes would go up $490 million.

Maryland residents also could lose more than $400 million in addition to that, if the state doesn’t preserve tax deductions ended by the federal law.

Republican Gov. Larry Hogan and legislators of both parties have made proposals to adjust the state’s tax laws a priority this session.

Follow @CBSBaltimore on Twitter and like WJZ-TV | CBS Baltimore on Facebook

(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Watch & Listen LIVE