The House Ways and Means Committee on Monday approved its own tax package slashing many of the tax hikes approved by the Senate last week.
Voting along party lines, the committee approved 16-6 a tax proposal that would raise $190 million for state coffers — about half of the $415 million that would be raised by the Senate’s version.
Read MoreThe progressive Maryland Budget and Tax Policy Institute is recommending $2.6 billion in tax increases to cure state budget shortfalls, including $2 billion on consumer services that are not currently taxed.
Read MoreA range of tax increases and budget cuts are on the table next year as Maryland legislators struggle to get a handle on a $1.7 billion structural deficit, Democratic legislative leaders told a business conference Friday.
Taxes on alcohol, gasoline, corporate income and sales face possible increases during the 2011 General Assembly.
Read MoreFearing that the state legislature will grant counties new taxing authority next year, Howard County Republicans are going to try to pass a County Charter amendment making it more difficult for the County Council to approve any tax increases.
The charter amendment would require four out of the five council members to approve raising the property tax and local income tax. The petition for the change would need 10,000 signatures to get on the ballot for voter approval in November before it became law.
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