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By James M. Coram and James M. Coram,Staff Writer | November 16, 1992
County Executive Charles I. Ecker hopes to persuade the County Council tonight to allow it to use personal property tax estimates when billing companies with late assessments.Companies are required to file personal property tax returns by April 15 each year, listing the inventory, furnishings and equipment they owned on Jan. 1.The state assesses the property and sends the county a copy of its findings -- supposedly by July 1. The county bills the companies in accordance with its property tax rate, which is now $2.59 per $100 of assessed value.
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BUSINESS
August 4, 2004
In the Region Port coal terminal operator loses bid for tax exemption A port of Baltimore coal terminal operated by Consolidation Coal Sales Co., now known as CNX Marine Terminals Inc., is not entitled to an exemption from the state's personal property tax, the Maryland Court of Appeals said in an opinion yesterday. A favorable ruling from the court would have meant a refund of more than $8 million in taxes and interest from Baltimore. Consolidation Coal, a subsidiary of Pittsburgh-based Consul Energy Inc. that stores, ships and blends coal, had appealed personal property tax assessments of as much as $13.4 million a year from 1997 through 2000, saying its blending process makes it eligible for a tax exemption available to manufacturers in Maryland.
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NEWS
November 29, 1990
A special state panel, called the Linowes Commission, has recommended big changes and increases in Maryland taxes. The changes are designed to do several things: raise more money, especially for education and transportation; increase the income tax burden on the wealthy and reduce it on the poor; and decrease property taxes while increasing or starting others, such as a new personal property tax.The Evening Sun would like to know if you support all or...
NEWS
By KNIGHT-RIDDER NEWS SERVICE | November 21, 1997
FREDERICKSBURG, Va. -- Firing the opening shots of a budget showdown that's sure to come, analysts told the Virginia Senate Finance Committee yesterday that it would cost the state as much as $2.8 billion to turn Gov.-elect Jim Gilmore's "no car tax" promise into reality -- nearly twice what Gilmore has estimated.Even with a sunny budget outlook showing that Virginia could have more than $1 billion in surplus over the next two years, committee staff members estimated that the cost of virtually eliminating the unpopular personal property tax would eat up at least half that.
NEWS
By KNIGHT-RIDDER NEWS SERVICE | November 21, 1997
FREDERICKSBURG, Va. -- Firing the opening shots of a budget showdown that's sure to come, analysts told the Virginia Senate Finance Committee yesterday that it would cost the state as much as $2.8 billion to turn Gov.-elect Jim Gilmore's "no car tax" promise into reality -- nearly twice what Gilmore has estimated.Even with a sunny budget outlook showing that Virginia could have more than $1 billion in surplus over the next two years, committee staff members estimated that the cost of virtually eliminating the unpopular personal property tax would eat up at least half that.
NEWS
March 3, 1993
Is Maryland hostile to high-technology companies? Judge for yourself:* Manufacturers receive local exemptions from the state's personal property tax, but high-tech firms do not.* High-tech firms must pay sales tax on sterile lab garments and test tubes, even though most other states give tax breaks for these research and development tools.* Quality-control testing of a product isn't tax-exempt for most high-tech firms, but it is tax-exempt for many manufacturing processes.Maryland's tax code is an artifact of our industrial past.
NEWS
By A SUN STAFF WRITER | June 13, 1996
New Windsor becomes friendlier to business July 1, when the 1997 budget takes effect.The Town Council adopted a budget last week that maintains its 45-cent tax rate -- the lowest in the county -- and eliminates taxes on local businesses. The town is keeping its property tax rate, based on each $100 of assessed value, but repealing its personal property tax on businesses, which accounted for $2,500, only about 1 percent of its $215,405 budget."We are trying to do whatever we can to encourage economic development," said Mayor Jack A. Gullo Jr. "We want business to have no pitfalls created by the town."
BUSINESS
February 23, 1994
Here are answers from members of the Maryland Association of Certified Public Accountants to readers' tax questions. The Sun will publish answers through April 15.Q: Is the sales tax on an automobile deductible as a personal property tax because it is based on the value of the car?A: No. For a tax to be deductible as a personal property tax, it must meet all of these criteria:1: The tax is charged on personal property.2: The tax is based only on the value of the property.3: The tax is charged on a yearly basis.
NEWS
By LAURENCE LEVITAN | February 23, 1991
Annapolis -- Although I commend the Linowes Commission for its hard work and good intentions, I emphatically differ with its report, which is clearly out of step with the current economic climate, and accomplishes little but to raise more money for the governor to spend.Its tax increases strike at the heart of the middle class, and in many cases, the poor as well. In addition, it is remarkable to me how devoid the report is of anything new, innovative or creative. After spending three years and almost a million dollars, the best the commission could come up with was an archaic idea like a personal-property tax on cars and boats and a $20 million tax break for the telephone companies.
BUSINESS
By Liz Bowie | October 20, 1992
Biotech executives want tax laws revisedIf the state wants to attract new biotechnology companies and keep the ones it has, say biotech company chief executives, it better take a hard look at its tax laws.The CEOs are arguing that they should get the same exemption for laboratory equipment that other companies get for manufacturing equipment. Hans Mueller cites his own company, Nova Pharmaceutical (now Scios Nova), as an example. For the past three years, Nova has paid about $340,000 a year in personal property tax on its laboratory equipment.
NEWS
By Jack W. Germond & Jules Witcover | November 10, 1997
WASHINGTON -- Republican leaders are looking at their party's sweep in the Virginia off-year elections as a signal that the road to continued electoral success in 1998 and 2000 must be paved with bricks of tax reduction.There is general agreement that the one factor that brought an easy victory to Gov.-elect Jim Gilmore over Democrat Don Beyer, and the elections of the GOP candidates for lieutenant governor and state attorney general as well, was Mr. Gilmore's simple-to-understand call to end Virginia's onerous personal-property tax.'No Car Tax!
NEWS
By A SUN STAFF WRITER | June 13, 1996
New Windsor becomes friendlier to business July 1, when the 1997 budget takes effect.The Town Council adopted a budget last week that maintains its 45-cent tax rate -- the lowest in the county -- and eliminates taxes on local businesses. The town is keeping its property tax rate, based on each $100 of assessed value, but repealing its personal property tax on businesses, which accounted for $2,500, only about 1 percent of its $215,405 budget."We are trying to do whatever we can to encourage economic development," said Mayor Jack A. Gullo Jr. "We want business to have no pitfalls created by the town."
BUSINESS
February 23, 1994
Here are answers from members of the Maryland Association of Certified Public Accountants to readers' tax questions. The Sun will publish answers through April 15.Q: Is the sales tax on an automobile deductible as a personal property tax because it is based on the value of the car?A: No. For a tax to be deductible as a personal property tax, it must meet all of these criteria:1: The tax is charged on personal property.2: The tax is based only on the value of the property.3: The tax is charged on a yearly basis.
NEWS
March 3, 1993
Is Maryland hostile to high-technology companies? Judge for yourself:* Manufacturers receive local exemptions from the state's personal property tax, but high-tech firms do not.* High-tech firms must pay sales tax on sterile lab garments and test tubes, even though most other states give tax breaks for these research and development tools.* Quality-control testing of a product isn't tax-exempt for most high-tech firms, but it is tax-exempt for many manufacturing processes.Maryland's tax code is an artifact of our industrial past.
NEWS
By James M. Coram and James M. Coram,Staff Writer | November 16, 1992
County Executive Charles I. Ecker hopes to persuade the County Council tonight to allow it to use personal property tax estimates when billing companies with late assessments.Companies are required to file personal property tax returns by April 15 each year, listing the inventory, furnishings and equipment they owned on Jan. 1.The state assesses the property and sends the county a copy of its findings -- supposedly by July 1. The county bills the companies in accordance with its property tax rate, which is now $2.59 per $100 of assessed value.
BUSINESS
By Liz Bowie | October 20, 1992
Biotech executives want tax laws revisedIf the state wants to attract new biotechnology companies and keep the ones it has, say biotech company chief executives, it better take a hard look at its tax laws.The CEOs are arguing that they should get the same exemption for laboratory equipment that other companies get for manufacturing equipment. Hans Mueller cites his own company, Nova Pharmaceutical (now Scios Nova), as an example. For the past three years, Nova has paid about $340,000 a year in personal property tax on its laboratory equipment.
NEWS
By Jack W. Germond & Jules Witcover | November 10, 1997
WASHINGTON -- Republican leaders are looking at their party's sweep in the Virginia off-year elections as a signal that the road to continued electoral success in 1998 and 2000 must be paved with bricks of tax reduction.There is general agreement that the one factor that brought an easy victory to Gov.-elect Jim Gilmore over Democrat Don Beyer, and the elections of the GOP candidates for lieutenant governor and state attorney general as well, was Mr. Gilmore's simple-to-understand call to end Virginia's onerous personal-property tax.'No Car Tax!
NEWS
November 5, 1991
Harassment at work is hard to escapeI respond to two letters which appeared in the Oct. 23 Evening Sun. It is clear to me that Messrs. Heyck and Benton, and probably others, have not yet grasped the nub of the problem. Simply stated, the office is not a social situation.If I am in a restaurant, bar, bowling alley, etc., and a man makes a pass, joke or other offensive action, leaving is one of my options. But in an office this choice does not exist. I am forced into his proximity, day after day, until one of us quits.
NEWS
November 5, 1991
Harassment at work is hard to escapeI respond to two letters which appeared in the Oct. 23 Evening Sun. It is clear to me that Messrs. Heyck and Benton, and probably others, have not yet grasped the nub of the problem. Simply stated, the office is not a social situation.If I am in a restaurant, bar, bowling alley, etc., and a man makes a pass, joke or other offensive action, leaving is one of my options. But in an office this choice does not exist. I am forced into his proximity, day after day, until one of us quits.
NEWS
By LAURENCE LEVITAN | February 23, 1991
Annapolis -- Although I commend the Linowes Commission for its hard work and good intentions, I emphatically differ with its report, which is clearly out of step with the current economic climate, and accomplishes little but to raise more money for the governor to spend.Its tax increases strike at the heart of the middle class, and in many cases, the poor as well. In addition, it is remarkable to me how devoid the report is of anything new, innovative or creative. After spending three years and almost a million dollars, the best the commission could come up with was an archaic idea like a personal-property tax on cars and boats and a $20 million tax break for the telephone companies.
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