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taxes

Rachel Baye / WYPR

Maryland’s job market may not recover from the effects of the COVID-19 pandemic until the end of 2024 or even later, according to the latest analysis presented to the Maryland Board of Revenue Estimates on Thursday.

Rachel Baye

Maryland officials announced on Friday that they are expecting a $2.8-billion drop in revenues for the three months that end June 30. In response, Gov. Larry Hogan announced a state budget and hiring freeze.

Rachel Baye / WYPR

Analysts are warning that the COVID-19 epidemic will be disastrous for the state’s budget and for all the services state and local governments provide.

The budget Maryland lawmakers passed last month estimates that about 85% of state revenues will come from sales and income taxes, Warren Deschenaux, the former longtime chief fiscal analyst for the state, said Monday during a Zoom call hosted by the Maryland Center on Economic Policy.

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 The Maryland General Assembly adjourned its annual 90-day legislative session on Wednesday, 19 days early as a result of the COVID-19 pandemic. It was the first time since the Civil War that the legislature cut its time in Annapolis short.

Rachel Baye


The state Senate passed two changes to the sales tax on Tuesday night. One of the bills extends the sales tax to digital products, such as e-books and streaming services. The other raises taxes on tobacco products.

Rachel Baye / WYPR

State lawmakers are considering applying the state’s 6% sales tax to digital products, such as e-books and streaming services. The House is expected to hold an initial vote on the bill Wednesday.

The bill’s sponsors say it isn’t a new tax. Rather, they say they are attempting to modernize the existing sales tax to be more fair to sellers of tangible and digital goods alike.

Rachel Baye

State lawmakers have proposed a new sales tax on professional services as a way to pay for the Kirwan Commission’s recommended school system overhaul.

Under the bill introduced Thursday, services ranging from lawyers to contractors to haircuts would be taxed at 5%. The existing sales tax on tangible goods would be cut from 6% to 5%.

AP Photo/Patrick Semansky

In the first State of the State address after winning reelection, Gov. Larry Hogan highlighted several of his priorities for the legislative session, including tax cuts and tougher sentences for violent crimes. His agenda was met with both praise and criticism from both sides of the political aisle.

Rachel Baye

Let’s say you buy a new TV for $500 dollars. Maryland’s current 6-percent sales tax would add $30 on top of that.

Democratic gubernatorial nominee Ben Jealous announced Thursday that if elected, he would cut the state sales tax to 5.75 percent, saving you $1.25 on that TV purchase.

Maryland’s General Assembly Calls It a Wrap

Apr 10, 2018
Joel McCord

The General Assembly wrapped up its 90-day session in Annapolis Monday night with a flurry of activity, passing bills to increase minimum sentences for some repeat offenders, tightening school safety measures and diversifying the medical marijuana industry.

Many lawmakers, including Gov. Larry Hogan, began the legislative session seeking an answer to the recent spike in violent crime in Baltimore. On Monday, the legislature passed what some lawmakers said is part of the solution:  mandatory minimum sentences for repeat offenders caught illegally carrying a gun.

Rachel Baye

Maryland residents are expected to save nearly $3 billion on their federal income taxes in 2018 as a result of the new federal tax law, according to a report state Comptroller Peter Franchot released Thursday. But residents will likely lose at least $400 million in state and local income taxes, unless lawmakers act to prevent it.

Franchot’s office estimates that between a quarter and a third of state taxpayers could pay more state and local income taxes.

Rachel Baye

Maryland state income tax bills could grow by more than $400 million under the new federal tax law, according to an analysis Comptroller Peter Franchot released Thursday.

According to the report, between a quarter and a third of Maryland taxpayers could pay more state and local income taxes.

Rachel Baye

Because of the way Maryland’s tax laws are written, recent changes in federal tax law could lead to sharp increases in state taxpayers’ bills. The governor and leaders of the state legislature all say they plan to look for a way to cushion that blow, and the Democrats in the legislature revealed at a press conference Tuesday how they plan to do that.

Rachel Baye

As lawmakers prepare to return to Annapolis Wednesday for the start of the General Assembly’s annual 90-day session, they are gearing up for fights on topics such as taxes, health insurance and Baltimore’s record-level of violence.

Rachel Baye

Gov. Larry Hogan signed more than 100 bills into law Tuesday morning at a ceremony with House Speaker Michael Busch and Senate President Mike Miller.

Rachel Baye / WYPR

State lawmakers voted Tuesday to approve a $20 million incentive for aerospace and defense giant Northrop Grumman. The money is intended to motivate the company to keep 10,000 jobs in Maryland and spend $100 million on new office space in Linthicum.

A new report by national nonprofit, the Corporation for Enterprise Development, finds that more than half of Baltimore families are “financially vulnerable.” This means a sudden job loss or medical emergency could knock them below the poverty line. Furthermore, half of the city’s households struggle to borrow money affordably, so they risk becoming trapped in debt by high interest rates. Arohi Pathek from CFED helps us compare this snapshot of Baltimore to Maryland’s overall picture. Plus, Sara Johnson, director of the Baltimore CASH Campaign, lays out policies with the potential to help low-income families - including ways to give them recognition for paying their bills on time.