º£½ÇÉçÇøapp

Montgomery County Council passes progressive income tax plan

This article was written by º£½ÇÉçÇøapp’s news partner, The Banner Montgomery, and republished with permission. .

In the lead-up to a June primary, the Montgomery Council Council Wednesday narrowly approved a progressive income tax hike.

The plan passed 6-5 following a heated debate over whether the council should increase taxes amid rising unemployment and inflation.

The current income tax rate for all residents is 3.2%. Under the new tax rates, residents making more than $150,000 annually will pay a 3.3% income tax — a 0.1% bump.

This story continues. .

Ginny Bixby, The Banner Montgomery

The Banner Montgomery is a local, independent news source covering Montgomery County and Maryland.

Federal º£½ÇÉçÇøapp Network Logo
Log in to your º£½ÇÉçÇøapp account for notifications and alerts customized for you.