Thursday, July 22, 2010
Business Tax Reform Commission Update
Subcommittees of the Maryland Business Tax Reform Commission have met recently, as the Commission works to develop a consensus for its final report that is due by December 15, 2010. Although no votes have been taken, considerable time and support has been devoted to the issues of corporate income tax changes such as combined reporting, single sales factor apportionment for all corporations, additional tax credit authority for local governments, and enhanced reporting accountability for business tax credits.
The Commission is planning on public hearing in the late fall and final votes on recommendations in November. If your business has concerns regarding these issues, we need you to contact us now. Contact Ron Wineholt for further information at .(JavaScript must be enabled to view this email address).
