BUSINESS
By JAY HANCOCK and JAY HANCOCK,jay.hancock@baltsun.com | September 3, 2008
State bean counters blame the crash in sales-tax collections on high gas prices and a weak economy. I bet there's something else going on. In January, Maryland's sales-tax rate rose by a fifth. To 6 percent. If you don't think that's compelling more people to avoid the tax by shopping on the Web or driving to "tax-free" Delaware, keep reading. Given Maryland's budget hole, raising the sales tax from 5 percent to 6 percent was probably necessary. But as much as small states such as Maryland like to steer their own destinies, forces from across the border often cause detours.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | April 12, 1997
Four days after a Maryland General Assembly session that produced a first-ever income-tax cut, House Speaker Casper R. Taylor Jr. yesterday renewed his call for a thorough examination of the state's entire tax structure.Addressing a conference in Baltimore, the Cumberland Democrat said the state's income-tax burden is the fourth-highest nationwide. He said the corporate tax burden is the fifth-lowest and the sales-tax burden is the sixth-lowest."That suggests to me it needs some rebalancing," said Taylor, a potential rival of Gov. Parris N. Glendening.
NEWS
January 13, 1999
IN A TIME of plenty, it's ironic that Maryland's governor and legislators are talking about raising taxes. Yet there is a pressing need to spend more in a key area: transportation.While Maryland's general revenue funds are flush -- mainly from fast-rising income-tax and sales-tax receipts -- the flow of gas-tax money into the transportation trust fund hasn't kept pace with road and mass-transit demands.Unless something is done quickly, Maryland won't have cash for light rail and highways and to replace the crumbling Woodrow Wilson Bridge.
BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | January 28, 1995
Maryland's multiple taxes on leasing a new car, which can cost motorists more than 10 percent of the value of the vehicle, would be significantly cut under a bill proposed by a Baltimore legislator.Sen. Barbara A. Hoffman, a Democrat who heads the Senate Budget and Taxation Committee, said Maryland motorists who lease "are getting hit with a double whammy or even a triple whammy" by the levies, which are more than three times those imposed in neighboring Virginia and are the highest in the mid-Atlantic region.
NEWS
By Annie Linskey and Michael Dresser, The Baltimore Sun | January 18, 2012
Gov. Martin O'Malley on Wednesday defended his proposal to ask 20 percent of Marylanders to pay more income taxes, calling his budget plan "a balanced approach" that preserves funding for priorities such as education. At a budget briefing, the governor also explained why, after years of pressure, he decided to propose shifting more than $200 million in teacher pension costs from the state to the counties. On his proposed changes to the income tax — the rate would stay the same but deductions and exemptions would be phased out for those making over six figures — O'Malley said: "I don't like doing this.
NEWS
By John Fritze, The Baltimore Sun | April 22, 2013
Online shoppers would have to pay state sales taxes on more purchases under legislation that advanced in the U.S. Senate on Monday - but Marylanders could also wind up paying a smaller increase in gasoline taxes. Bricks-and-mortar stores have long sought changes to a federal law that they say gives online companies such as eBay an advantage: Most Internet retailers don't charge sales tax, and most consumers ignore requirements to declare their online purchases for state taxing purposes.