ANNAPOLIS, Md. (AP) - A Maryland Senate committee has approved a modest tax-relief plan.
The plan approved Thursday reduces Maryland's top four tax-rate brackets over five years. That affects single tax filers who make more than $100,000 and joint filers with income over $150,000. Ryan Bishop, an analyst with the state's Department of Legislative Services, says that would cut taxes between 1 and 3 percent in those brackets.
The plan also would expand the state's Earned Income Tax Credit, which is offered to low-income workers.