BALTIMORE, MD—Maryland Attorney Brian E. Frosh on Wednesday announced a settlement that includes more than $2 million in restitution from the owner of TurboTax, Intuit Inc. for misleading Maryland consumers into paying for tax services that they could have received for free. Per a multistate agreement with all 50 states and the District of Columbia, Intuit will pay $141 million, […]
BALTIMORE, MD—The Maryland Department of Assessments and Taxation is reminding residents that 2022 Annual Reports, Personal Property Tax Returns, and deadline extension requests must be filed for both domestic and foreign business entities by next Friday, April 15, 2022. The quickest and easiest way to submit these filings is through the department’s Maryland Business Express website. These filings must be […]
ANNAPOLIS, MD—Governor Larry Hogan, Senate President Bill Ferguson, and House Speaker Adrienne A. Jones on Monday announced a historic bipartisan agreement to provide $1.86 billion in tax relief over five years for Maryland retirees, small businesses, and low-income families. Combined with the recently-enacted gas tax suspension, this legislative session will deliver nearly $2 billion in tax relief. “Today, we are […]
ANNAPOLIS, MD—Governor Larry Hogan on Friday signed emergency bipartisan legislation to immediately suspend the state of Maryland’s gas tax for 30 days. With this action, which both the House and Senate passed with unanimous support, Maryland became the first state in the nation to enact an immediate suspension of the gas tax. “This bipartisan action will provide some relief from […]
UPDATE: Governor Hogan has signed emergency legislation suspending the gas tax for 30 days. Original story below… —— ANNAPOLIS, MD—Governor Larry Hogan on Thursday issued the following statement after the Board of Revenue Estimates reported an increase in the state’s record budget surplus: “Today’s incredible revenue estimates increase our already record surplus and reinforce the fact that Maryland continues to […]
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 […]
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 […]
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, […]