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
April 16th, 2014 | by Meg Tully
With the Maryland gubernatorial election approaching at the end of the year, the seven major candidates are taking a stance on one of the state’s hot-button issues: taxes
April 8th, 2014 | by Jeremy Bauer-Wolf
Six lawmakers, three from each chamber of the Maryland General Assembly, standing in a ring in the House of Delegates lounge at a half hour before midnight, vehemently haggling over a single bill.
They had only 30 minutes before the close of the 2014 session, and they needed to find middle ground on legislation that would grant the popular Netflix drama an additional $3.5 million in tax dollars
March 23rd, 2014 | by Len Lazarick
What could guarantee better media coverage than a reception with a major celebrity closed to reporters, who gathered outside the Red Red Wine Bar in Annapolis as actor Kevin Spacey was ushered in the back door?
Maryland legislators and friends couldn't resist posting pictures of themselves with "House of Cards" star Spacey on Facebook