January 14th, 2015 | by Rebecca Lessner
Maryland ranked as the 38th least “unfair” state in Institute on Taxation and Economic Policy's semi-annual taxation report, published on Wednesday. This means Maryland’s tax policies are considered more fair than three-quarters of the states. Delaware ranked as the state with the fairest tax structure, and Pennsylvania had among the worst.
December 2nd, 2014 | by Alexis Webb
The benefit of extending Maryland’s film production tax credit were debated Tuesday as state lawmakers heard testimony from supporters of the credit.
“To turn our backs on all the efforts made by the General Assembly would be devastating,” said Hannah Byron, assistant secretary for Tourism, Film & the Arts of the Maryland Department of Business and Economic Development
November 2nd, 2014 | by Len Lazarick
Taxes are a major issue in the three most competitive races for county executive in Maryland: Anne Arundel, Frederick and Howard counties. Which of the three has higher taxes and spending?
October 2nd, 2014 | by Capital News Service
The U.S. Supreme Court is set to hear a case involving a Maryland couple who believe their out-of-state income should not be taxed by their state of residence.
Brian and Karen Wynne of Howard County argue the income they earn in several other states through a company Mr. Wynne partially owns should not be taxed by Maryland if they pay the income taxes in those other states.
Maryland has an out-of-state income tax credit that can be used to offset state income taxes. But there is no equivalent credit that can be used to offset county income taxes, so counties can tax the out-of-state income
September 28th, 2014 | by Alexis Webb
Former U.S. transportation secretary Ray LaHood urged leaders to consider following Virginia’s lead and rethink transportation funding at a panel discussion in Baltimore last week. LaHood proposes a higher federal gas tax to fund nationwide projects, but also suggested that the solution for a broken transportation system could be something like what Virginia did when it moved from a gas tax to a wholesale sales gas tax.
August 4th, 2014 | by Len Lazarick
This is the first part of a four-day series by Capital News Service examining how Maryland uses gambling to raise revenues.
It starts with the state’s 40-year-old lottery, now the fourth largest source of state revenue. This article looks at how lower income ZIP codes contribute a disproportionate share
July 24th, 2014 | by Len Lazarick
UMBC Professor Roy Meyers takes issue with Rep. John Delaney's proposed “Partnership to Build America Act”--a bill that would allow U.S. corporations to avoid taxes when they repatriate profits that are now booked overseas, if they purchase bonds that would be used to build infrastructure. He’s received plenty of favorable media mentions on this bill, but as a budget and policy expert, Meyers believes those reviews are far too generous. The rhetoric supporting the bill is attractive, but it distracts attention from the bill’s complexities
June 3rd, 2014 | by Len Lazarick
Here are some reactions to Monday night's debate between the Democratic candidates for governor of Maryland. They include the impressions of regular voters, bloggers, reporters and a college professor. The debate can be watched online
April 30th, 2014 | by Len Lazarick
"If it weren't for the more moderate leadership in the Senate, things would be a lot worse than what they are" in the Maryland General Assembly, Sen. Ed Kasemeyer told Howard County business leaders Wednesday
April 28th, 2014 | by Len Lazarick
Marylanders spend within their means and get a decent return on investment when comparing taxes and quality of government services, a personal finance website has found.
Wallethub.com ranked Maryland first in the country for residents with the most sustainable spending habits, and ranked the state at an unremarkable 33rd when it comes to return on investment for state taxpayers