With the cost of college tuition and textbooks on the rise, legislators are proposing sales tax breaks on textbooks in hopes of providing financial relief to students. House Ways and Means Committee Chair Sheila Hixson and Del. Michael Smigiel advocated different versions of textbook tax breaks before her committee Tuesday. Smigiel, R-Cecil, outlined a plan for year-round tax exemption on textbooks, while Hixson proposed setting a limited time period during which students can purchase their books tax-free.Read More
Tag: sales tax
A lot of the reporters wanted to talk about guns at Tuesday’s roundtable with Gov. Martin O’Malley, and the governor did speak in general terms about the need for more gun control and mental health services. But what O’Malley really wanted to talk about was how his administration measured up to the 15 broad goals that are tracked by the governor’s “delivery unit.” Maryland did show broad progress on most of the goals since O’Malley took office, and some of the targets had already been met .Read More
As one delegate put it, it was déjà vu all over again as the House of Delegates on Tuesday rejected amendments to a revised spending plan and $300 million in tax hikes that had often been proposed in the regular 90-day session. The Senate passed the bills earlier in the day, and the House is set to take a final vote Wednesday.Read More
While the governor has touted Maryland’s comparatively low tax burden on its high income populace, some groups are concerned that the income tax hikes proposed for next week’s special session will harm Maryland’s national rankings on taxes and business climate.Read More
There was fierce opposition from a long list of witnesses in the House Ways & Means Committee Tuesday to a bill that would expand the sales tax to 30 new services, including car repair.Read More
Members of the Save Our State Coalition are hoping that putting problems caused by tight budgets on display will encourage the legislature to raise taxes. Gov. Martin O’Malley began talking about a one-cent sales tax increase he may be proposing, his first mention of such an increase.Read More
While passing state legislation taxing online merchandise has the possibility of netting Maryland up to $40 million in additional revenues, Comptroller Peter Franchot said in a study released Friday that it would more likely raise much less and embroil the state in a long legal battle.Read More
As legislative staff presented over $1 billion in potential new revenues from taxing professional services and Internet sales in Annapolis Tuesday, Senate leaders insisted repeatedly that they weren’t actively considering sales tax hikes. “This is an effort in the main part to be prepared for any situation,” said Senate Budget and Taxation Committee Chair Ed Kasemeyer, D-Howard. “They’re not priorities. They’re a list of potential revenue sources.”Read More
Broader sales tax a good idea to fix deficit, Senate Budget chairman says, and O’Malley likely to propose tax hike to fund transportation
Widening Maryland’s sales tax to include more services is “the place to go” in fixing the state’s persistent structural deficit, the chairman of the Senate Budget and Taxation Committee said Thursday. Sen. Edward Kasemeyer, D-Howard, also said, “I’m assuming some kind of revenue increase” will be part of a transportation package Gov. Martin O’Malley will sponsor in the fall special session of the legislature that he will call to deal with congressional redistricting.Read More
Students would save money under a bill that would exempt textbooks from Maryland’s sales tax, but the pricey measure appears unlikely to move during a tight budget year.
Advocates had hoped to build on a law passed last year to increase competition in college textbook sales, which has has apparently reduced costs to students. Some neighboring states have tax exceptions for textbooks.Read More
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