Maryland residents could see some form of tax relief as part of a proposal that could make its way to the Senate as early as next week.
That’s the word from Sen. Edward J. Kasemeyer, D-Howard and Baltimore Counties and chairman of the Senate Budget and Taxation Committee.
Kasemeyer hinted at the possibility Monday night during a discussion of the committee’s work on Gov. Larry Hogan’s second budget.
“We’re trying to do something that will have a positive impact on everybody so we’re looking at tax rates in combination with the Earned Income Tax Credit,” Kasemeyer said in a brief interview following the Senate session Monday night. “The two together we think will help.”
“We’re trying to stay within the parameters of $50 million to $60 million,” Kasemeyer said. “We don’t want to look like we’re spending too much and look like we’re not responsible and keep it within a four or five year period.”
Kasemeyer said legislation could become public “next week some time.”
So far, it appears as though the tax relief package is more of a creation of the legislature rather than the Hogan administration.
“They’re interested to know what we’re doing,” Kasemeyer said.