Tag: corporate tax

Cutting corporate tax rate proposed

Sen. David Brinkley is championing a bill to lower Maryland’s corporate tax rate saying that his legislation would bring jobs to Maryland and help state businesses “compete with Virginia.” The bill would lower Maryland’s corporate tax rate from 8.25% to 6%, a change which would make Maryland’s rate equal to that of Virginia. The tax cut would cost the state approximately $381 million in fiscal year 2014.

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