Monday, November 01, 2010
It’s Time to Speak Up About Business Taxes
The Maryland Business Tax Reform Commission announced that it will hold a public hearing on Tuesday, November 9 at 6:30 p.m. in Annapolis to take public testimony on the options it is considering for changing (increasing) business taxes in Maryland. Here is the full list of the issues they are considering, including:
- Combined reporting for corporate income taxes
- Other corporate income tax changes such as tax rates and single sales factor apportionment
- Alternatives to the corporate income tax, including alternative minimum tax, gross receipts tax, and value added tax
- Broadening the sales tax base
- Requiring additional information from businesses receiving tax incentives
The Business Tax Reform Commission has been meeting for two years on these issues, and we are now at the end game. The Maryland Chamber of Commerce will be offering testimony on these issues at this hearing, urging the Commission NOT to recommend additional taxes on business. We urge other businesses and business organizations to join us and will be glad to work with you in signing up witnesses and coordinating testimony. If you are interested in helping, contact Ron Wineholt at .(JavaScript must be enabled to view this email address). For background information, see the Commission’s website.
