Browsing the "Taxes" Category

Maryland taxes are fairer than in most states, report says

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.

Benefits of film tax credit debated at legislative hearing

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

Supreme Court to hear case on right of Maryland to tax out-of-state income

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

Still searching for solution to shortfall in transportation funding

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.

Commentary: Delaney’s infrastructure bill doesn’t hold up to scrutiny

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

Marylanders get so-so return on tax investment, study says

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. 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

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