Archive | Taxes

Senate looking for alternative tax hikes to avoid ‘doomsday’ budget, Miller says

Senate looking for alternative tax hikes to avoid ‘doomsday’ budget, Miller says

February 21, 2012

Senate leaders are trying to find $500 million in tax hikes as alternatives to those proposed by Gov. Martin O’Malley to avoid a “doomsday” budget with $1 billion in spending cuts, Senate President Mike Miller told reporters Tuesday. [...more]

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Comptroller wants to quit sending paper supplements, tax forms

Comptroller wants to quit sending paper supplements, tax forms

February 20, 2012

Maryland Comptroller Peter Franchot says he can save taxpayers $500,000 in advertising expense next year if he doesn’t have to print and distribute the list of unclaimed property. He proposes saving more by eliminating tax filings on paper. [...more]

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O’Malley finally releases 6% sales tax on gas to raise $600M

O’Malley finally releases 6% sales tax on gas to raise $600M

February 14, 2012

Gov. Martin O'Malley finally provided more details about his proposal to apply the sales tax to gasoline, raising prices by 18 cents per gallon over the next three years and generating $613 million for highway and transit projects. [...more]

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Lawmakers challenge O’Malley, environment secretary on flush tax hike; small businesses could see 250% increase

Lawmakers challenge O’Malley, environment secretary on flush tax hike; small businesses could see 250% increase

Gov. Martin O’Malley and Environment Secretary Robert Summers were questioned by lawmakers Tuesday on the cost for the proposed consumption-based flush tax on homes and businesses. [...more]

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Easing estate taxes on farms favored; snack tax opposed

A proposal to ease estate taxes on family farms met little opposition in the House Ways and Means Committee, but a bill to apply the 6% sales tax to snack foods drew fierce opposition. [...more]

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Franchot opposes any gas tax hike

Franchot opposes any gas tax hike

February 7, 2012

Calling any gas tax increase a “crushing blow” to families and a “shot to the gut” of businesses, Comptroller Peter Franchot declared his opposition to Gov. Martin O’Malley’s proposal to start charging the 6% sales tax on gas. [...more]

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Property tax may need to rise to pay back bonds

February 6, 2012

If property values don’t start increasing, the state may need to increase property taxes or tap the general fund to pay off its bond debt, legislative analysts told lawmakers. [...more]

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Video: Three reporters dissect the governor’s aggressive agenda

Video: Three reporters dissect the governor’s aggressive agenda

Joel McCord of WYPR, Len Lazarick of MarylandReporter.com and Bryan Sears of Patch.com discuss the prospects for Gov. Martin O'Malley's ambitious legislative program -- same-sex marriage, gas tax, income tax, flush tax, Internet tax [...more]

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22 senators propose lockbox for transportation funds

22 senators propose lockbox for transportation funds

February 3, 2012

After Gov. Martin O’Malley proposed a 6% sales tax on gas to pay for infrastructure projects, Sen. Rob Garagiola and 21 other senators moved to make the tax more salable with a proposed constitutional amendment to safeguard the Maryland Transportation Trust Fund, which governors have repeatedly raided to balance the general fund budget. [...more]

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Strong reactions, pro and con, to O’Malley’s State of the State address

Strong reactions, pro and con, to O’Malley’s State of the State address

February 1, 2012

In his speech on Wednesday, Gov. Martin O’Malley said that the state of the state is strong. The same words could be used to describe the state of officials’ reaction to it. [...more]

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