Tag: Business Tax Reform Commission

Liberal lawmakers push fight for combined corporate tax reporting

Liberal senators and delegates are pressing ahead with bills to bring the combined reporting method of corporate taxation to Maryland, even after the Business Tax Reform Commission rejected the idea in November.

“We think combined reporting will create a level playing field,” said Sen. Paul Pinsky, a Prince George’s County Democrat who has championed the measure in the past.

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Combined reporting not recommended

Culminating two years of deliberations, debate and discussions, the Business Tax Reform Commission will not endorse combined reporting to the 2011 General Assembly.

Only four members of the 18-member commission voted to support combined reporting. The remaining 13 members at Tuesday’s meeting voted that the commission should recommend against adopting the controversial method of calculating corporate taxes. Combined reporting calculates corporate taxes based on how much companies make in all states that they are located, not where they are headquartered.

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Businesses, groups disagree on combined reporting

During a two-hour-long parade of witnesses before the Business Tax Reform Commission on Tuesday night, one point came through repeatedly: what is best for the state’s corporate tax code is not obvious.

Person after person came before the commission with impassioned recommendations, most of them dealing with combined reporting.

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