ANNAPOLIS, MD—To assist businesses affected by the economic impact of COVID-19, Comptroller Peter Franchot on Monday announced he will extend business-related tax filing deadlines. The June 1st extension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses filing sales and use tax, withholding tax, and admissions & amusement tax, as […]
BALTIMORE, MD—The Maryland State Department of Assessments and Taxation (SDAT) on Wednesday announced the availability of 2020 Annual Reports, Personal Property Tax Returns, and Extension Requests. All domestic and foreign business entities must file an Annual Report or request an extension by April 15, 2020, in order to maintain their “Good Standing” status. The quickest and easiest way to submit […]
ANNAPOLIS, MD—Governor Larry Hogan on Friday announced a more than $1 billion tax relief proposal to make it more affordable for retirees to stay in Maryland. This legislation, which would lower taxes for more than 230,000 Marylanders, is the biggest tax reduction in Maryland in more than two decades. “People who have been lifelong Marylanders and have contributed so much, […]
ANNAPOLIS, MD—Governor Larry Hogan and Maryland Higher Education Commission (MHEC) Secretary Dr. James D. Fielder have announced the awarding of nearly $9 million in tax credits for 9,600 Maryland residents with student loan debt. “It is critical that we look for ways to help those in our state crippled by student loan debt,” Governor Hogan said. “This program helps Maryland […]
UPDATE: Federal prosecutors have recommended that the former mayor be sentenced to nearly five years in prison. Original story below… —— BALTIMORE, MD—Catherine Pugh on Thursday pleaded guilty to 4 of 11 charges in her criminal indictment. The former Baltimore mayor has pleaded guilty to conspiracy and tax evasion charges, and pleaded not guilty to wire fraud. Pugh was indicted […]
ANNAPOLIS, MD — Comptroller Peter Franchot on Thursday announced that revenues for Fiscal Year 2019 came in $216.6 million above the Board of Revenue Estimates’ projections, bringing the unassigned balance of the State’s General Fund to $351 million, or less than one percent of the total FY 19 operating budget of $44.6 billion. The final closeout numbers reflect stronger-than-expected revenue […]
ANNAPOLIS, MD – Comptroller Peter Franchot is reminding Marylanders that Shop Maryland Tax-Free Week begins on Sunday, August 11, and runs through Saturday, August 17. The Comptroller once again is joining with the Maryland Retailers Association (MRA) to promote a social media contest in which two winners will receive $2,500 and $1,000 scholarships, respectively, to any Maryland university, college or trade […]
BALTIMORE, MD – With a toll modernization system coming online next year, the Maryland Transportation Authority (MDTA) Board on Thursday voted to seek public comment and hold hearings on a package of toll payment options that would provide cost savings for motorists. Last week, Governor Larry Hogan outlined how this toll relief package would save Marylanders more than $28 million […]