Monday, December 15, 2008
Business Community Opposes Montgomery County Split Rate Property Tax Bill
Legislation to allow Montgomery County to impose discriminatory rates of taxation on business property was heard last week in Rockville. The business community turned out to oppose the proposal, including representatives from the Maryland Chamber, Montgomery County Chamber, Greater Bethesda-Chevy Chase Chamber and Greater Silver Spring Chamber of Commerce.
The legislation would authorize Montgomery County to establish classes of real and personal property and to impose varying rates of taxation on each class.
The Chamber Action Network strongly opposes this bill. A minority of states authorize local governments to impose differential tax rates on varying classes of property. Such laws always result in local governments imposing discriminatory and burdensome levels of taxation on business property, sometimes at levels 2 to 3 times the level of taxation for residential property.
You can view CAN Partner position statements here:
