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Tax Holiday

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By Liz F. Kay, The Baltimore Sun | February 2, 2011
Certain appliances that meet Energy Star requirements will be exempt from Maryland sales tax from Feb. 19 through Feb. 21, the state comptroller's office has announced. During the "Shop Maryland Energy" weekend, consumers who buy Energy Star air conditioners, clothes washers, furnaces, heat pumps, boilers, standard size refrigerators, dehumidifiers and compact fluorescent light bulbs will not pay sales tax in Maryland stores or online. Dishwashers are not eligible, even if they meet Energy Star specifications.
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BUSINESS
Lorraine Mirabella | August 8, 2014
Maryland stands to lose about $5 million in tax revenue next week. And that's just fine with the state's chief tax collector, Comptroller Peter Franchot. Franchot said the state's annual tax-free shopping week, which starts Sunday, gives a boost to consumers and Maryland retailers at the height of the back-to-school season. The comptroller arrived at Mondawmin Mall Friday to kick off Shop Maryland week. Then with Baltimore Mayor Stephanie Rawlings-Blake along to offer advice, the comptroller went shopping at the mall's Shoe City and bought socks.
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BUSINESS
By Michelle Deal-Zimmerman and The Baltimore Sun | July 25, 2011
If you thought our government was dysfunctional over the looming debt ceiling debacle, it's really just one example of multiple layers of crazy inside the Washington Beltway. And, as always, it seems to boil down to the dirtiest five-letter word politicians claim to have ever heard: taxes. In this case, we're talking about airline taxes. As of now, travelers should be saving about 7-10 percent on airfares because of a budget meltdown that has put the Federal Aviation Administration into a tailspin and denied it the ability - temporarily - to collect taxes or even function.
BUSINESS
Lorraine Mirabella | August 1, 2014
Consumers will be spared Maryland's 6 percent sales tax on some apparel and footwear during the state's annual tax-free week starting Aug. 10. During Shop Maryland week, no sales tax will be levied on any single qualifying article of clothing and shoes priced at $100 or less, regardless of how many items are purchased. The promotion runs through Saturday, Aug. 16. "Each year this initiative helps Maryland families and gives large and small retailers a boost in these financially challenging times,” Maryland Comptroller Peter Franchot said Friday in an announcement.
NEWS
By RICHARD HOLLANDER | October 16, 1992
Some day, innovation and imagination will replace complacency and compromise in the world of public policy. Great teeth-gnashing and public lamentation accompany the decline in state revenues to Baltimore and the 23 counties. Why not let the city help itself?The state legislature should give Baltimore a tool to rebuild its economy and induce people to move into the city. Baltimore should offer all individuals and families who move into the city from another Maryland jurisdiction or another state a five-year holiday from state and local income taxes.
NEWS
By Carly Mercer | November 2, 2011
Should corporations get a massive tax discount for bringing the $1.4 trillion they've stashed in overseas tax havens back to America? An army of corporate lobbyists certainly think so. They are asking Congress for a tax holiday allowing corporations to pay just a 5 percent to 8 percent tax rate on profits they've kept offshore instead of the normal 35 percent. That's a lucrative reward for companies that have shirked their tax responsibility. Sadly, it's happened before. Congress last gave corporate America a "repatriation holiday" in 2004.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 8, 2012
After two years of enjoying a break on the state sales tax every August, many Maryland consumers now plan theirback-to-schoolshopping around the weeklong event. That's one measure of the success of Maryland's Tax Free Week, which will mark its third year when it begins Sunday, state and retail industry officials said. During the tax holiday, which runs until midnight Aug. 18, consumers won't be charged the state's 6 percent sales tax on most clothing and footwear priced under $100.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | August 20, 2012
The early results of Maryland's sales tax holiday are in: Retailers liked it. So did their customers. But tax policy wonks? Not so much. It will be a couple of months before the state finds out just how much it lost in sales tax revenue during its third annual back-to-school tax holiday. The state had estimated that it would forfeit about $10 million by waiving the 6 percent sales tax on clothing and shoes of up to $100. Is this good fiscal policy? Probably not. Is this money that could be better spent elsewhere by the state?
NEWS
April 30, 2012
Social Security can indeed be fixed. One major step would be to simply restore the FICA tax (a.k.a. the payroll tax) to its historical 6.2 percent rate ("Social Security can be fixed," April 26). The Obama administration, with the help of compliant Republicans in the House of Representatives, reduced the FICA tax at the beginning of 2011 to 4.2 percent. That is a 32 percent cut in money coming into the Social Security program. Does the American public not understand that the dollars collected in FICA taxes are used to pay current Social Security benefits?
BUSINESS
Eileen Ambrose | February 8, 2013
If you can hold off from buying that energy-efficient refrigerator or furnace for a little more than a week, you could save 6 percent sales tax in Maryland. The state's annual sales tax holiday runs Feb. 16-18 for those buying “Energy Star” products. The state offers answers to frequent questions online.  Consumers can also find online a list of qualified Energy Star products, which runs from washers and dryers to light bulbs.  
NEWS
August 15, 2013
By most accounts, Maryland Tax-Free Week has been a good way for shoppers to get a limited break from Maryland's 6 percent sales tax. Timed to coincide with back-to-school shopping in August, shoppers don't have to pay state sales tax when buying most apparel and footwear items under $100. It's a well-timed break for parents and an added boost for retailers. This year's tax-free week ends Saturday. And while any break from the state's regressive sales tax is a welcome relief, limiting the tax holiday to just clothing is too narrow, especially if the goal is to help parents financially as their children return to school.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 9, 2013
Organizers of Maryland's tax-free shopping week are aiming to give back-to-school buying in August the kind of boost that Black Friday gives to holiday spending each fall. Now in its fourth year, the annual tax holiday gives consumers a break on the state's 6 percent sales tax on most apparel and footwear priced up to $100. The week runs Sunday through next Saturday. The breaks have drawn criticism, principally because the state stands to forgo an estimated $5 million in tax revenue.
BUSINESS
Eileen Ambrose | July 30, 2013
Shoppers in Maryland can avoid the state's 6 percent sales tax when purchasing certain apparel from Aug. 11 through the 17 th . The tax break occurs on shoes and clothing items that cost up to $100 each. So, a $110 shirt will still be subject to tax. But two shirts at $75 each, will get the tax break. Other items that are excluded from the tax holiday: accessories, such as jewelry, ties and belts, and clothing or footwear designed for protection, such as football pads, according to the Maryland Comptroller's office.
BUSINESS
Eileen Ambrose | March 25, 2013
Nearly half - 48 percent - of American workers haven't noticed that more money is being taken out of their paychecks for the payroll tax that funds Social Security, according to a survey released today by Bankrate.com. In the previous two years, workers' paid 4.2 percent of wages (on income of up to $113,700 this year) instead of 6.2 percent. But during last year's tax negotiations to avoid the fiscal cliff, the payroll tax holiday wasn't extended. Many predicted at the time that low-income workers would be the most hurt by the payroll tax going up 2 percentage points.
BUSINESS
Eileen Ambrose | February 8, 2013
If you can hold off from buying that energy-efficient refrigerator or furnace for a little more than a week, you could save 6 percent sales tax in Maryland. The state's annual sales tax holiday runs Feb. 16-18 for those buying “Energy Star” products. The state offers answers to frequent questions online.  Consumers can also find online a list of qualified Energy Star products, which runs from washers and dryers to light bulbs.  
NEWS
By David Horsey | September 18, 2012
A wild windstorm swept through the nation's capital on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive heat that hung on all summer was finally gone and the cooler air of approaching autumn turned the city into a pleasant place. Then, Monday arrived and with it came an infestation of representatives and senators. The lawmakers are taking a break from campaigning just long enough to make sure the government does not go broke by the end of the month.
NEWS
By Kevin Rector, The Baltimore Sun | August 12, 2012
Shoppers in Maryland showed up at area malls and other retail outlets in large numbers Sunday, the first day of the state's Tax Free Week. The holiday from state sales tax for most clothing and footwear priced under $100 was an incentive to spend and an added bonus this time of year, said parents goingback-to-schoolshopping with their kids. "I say every dollar counts," said Kristin Ganoe of Hagerstown, who was shopping atMacy's at the Mall in Columbia with her husband, Roman, and daughter Gabriella, who's going into the third grade.
BUSINESS
Eileen Ambrose | January 30, 2012
While the legislators battle it out over taxes in Annapolis, Marylanders will get a brief respite. From Feb. 18 through the 20 th , Marylanders buying certain Energy Star products can avoid paying the 6 percent state sales tax. Items that qualify for the tax holiday include air conditioners, clothes dryers and washers, furnaces, refrigerators, programmable thermostats. For a full list, check out the comptroller's website . This three-day tax holiday on energy products takes place annually on the weekend of the third Monday in February.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | August 20, 2012
The early results of Maryland's sales tax holiday are in: Retailers liked it. So did their customers. But tax policy wonks? Not so much. It will be a couple of months before the state finds out just how much it lost in sales tax revenue during its third annual back-to-school tax holiday. The state had estimated that it would forfeit about $10 million by waiving the 6 percent sales tax on clothing and shoes of up to $100. Is this good fiscal policy? Probably not. Is this money that could be better spent elsewhere by the state?
NEWS
By Kevin Rector, The Baltimore Sun | August 12, 2012
Shoppers in Maryland showed up at area malls and other retail outlets in large numbers Sunday, the first day of the state's Tax Free Week. The holiday from state sales tax for most clothing and footwear priced under $100 was an incentive to spend and an added bonus this time of year, said parents goingback-to-schoolshopping with their kids. "I say every dollar counts," said Kristin Ganoe of Hagerstown, who was shopping atMacy's at the Mall in Columbia with her husband, Roman, and daughter Gabriella, who's going into the third grade.
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