Business

SDAT: Annual business filings, extension requests due by April 15

BALTIMORE, MD—The Maryland Department of Assessments and Taxation (SDAT) this week announced the availability of 2022 annual reports, personal property tax returns, and extension requests for businesses registered in Maryland. All domestic and foreign business entities must file an annual report or request an extension by April 15, 2022 to maintain their “good standing” status. “Since the onset of the …


Business, Education

Governor Hogan announces $9 million in additional tax credits for student loan debt

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date, nearly $41 million in tax credits has been awarded to Maryland residents. “Since its launch in 2017, more than 40,600 residents have benefited from the Maryland Student …


Governor Hogan presents FY 2023 budget focused on tax relief, education, relief for underserved Marylanders [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan on Wednesday presented his Fiscal Year 2023 (FY 2023) surplus budget, which strengthens the state’s Rainy Day Fund to record levels, delivers major tax relief to retirees and working families, expands relief for vulnerable Marylanders, makes record investment in K-12 education and school construction, increases funding for the Maryland Park Service, fully funds Chesapeake Bay restoration, …

Comptroller Franchot announces three-month filing, payment extension for 2021 state individual income taxes in Maryland

ANNAPOLIS, MD—Comptroller Peter Franchot on Wednesday announced that the filing and payment deadline for 2021 Maryland state individual income taxes has been extended by three months – to Friday, July 15, 2022 – to assist taxpayers facing financial difficulties due to the COVID-19 pandemic. The extension announcement came during a virtual news conference with agency officials to discuss the January …

Governor Hogan announces $4.6 billion tax relief package for Maryland families, small businesses, retirees [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday afternoon announced the largest tax relief package in state history to deliver more than $4.6 billion in relief for Maryland families, small businesses, and retirees. “Next to our health recovery from the worst pandemic in more than a century, nothing is more important than our continued economic recovery,” said Governor Hogan. “With all of …

Governor Hogan announces plan to devote record surplus to major tax relief, rainy day fund [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced a five-point framework for how the State of Maryland will utilize the $2.5 billion surplus—the largest in state history—reported last week by the Bureau of Revenue Estimates. The framework builds on the governor’s record of fiscal discipline while prioritizing relief that advances the state’s recovery. “The entire mission of my administration has been …

Governor Hogan announces additional vetoes

ANNAPOLIS, MD—In addition to the vetoes announced earlier this week, Governor Larry Hogan on Friday announced in letters to General Assembly leaders that, in accordance with Article II, Section 17 of the Maryland Constitution, he has vetoed the following legislation passed during the 2021 legislative session: HB 1322 – Primary and Secondary Education – School Personnel Not Returning to In-Person …

Baltimore County Council approves funding for Seven Courts water improvements, Perry Hall park

NOTTINGHAM, MD—On Thursday, the Baltimore County Council approved $1.5 million to replace the Seven Courts water main, which has leaked constantly over the past year. The improvements are part of the Fiscal Year 2022 budget. The budget also includes money to solve a drainage problem that has plagued Avondale Road in Carney, $550,000 to upgrade the sewer system in Richlyn …