County Income Tax - Rate and Income Brackets - Alterations

HB 151 amends Maryland's county income tax rules by raising the maximum tax rate from 3.2% to 3.7% and limiting counties to no more than eight income tax brackets. It sets specific income thresholds for these brackets (e.g., $1-$25,000 for single filers, $1-$50,000 for joint filers) and requires counties to apply rates above 3.2% only on income exceeding $250,000 (single) or $300,000 (joint filers). Counties using rates above 3.2% must dedicate the additional revenue to public education and transportation funding. This bill directly affects Maryland counties that impose income tax, such as Baltimore County and Howard County, and impacts residents who pay county income tax based on their filing status.