Tag: Tom Hucker

Delegates still skeptical of combined reporting for corporate taxes

Although many economists, experts, unions and small businesses urged the House Ways and Means Committee to institute combined reporting for more equitable corporate taxes, delegates seemed skeptical of the taxation method. Combined reporting is a complicated method of calculating corporate taxes based on how much companies make in all states where they are located, not where they are headquartered. It would shift businesses’ tax liabilities because of the new way income would be measured.

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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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