Maryland's Court of Appeals ruled in January that the state must offer credits to taxpayers whose out-of-state income is subject to local piggyback taxes, and it rejected Gansler's request to reconsider the ruling on May 17. Gansler has 90 days to decide whether to appeal to the U.S. Supreme Court.
Montgomery County would be hit hardest if the court's decision stands, due to the county's high concentration of wealth. Of the $128 million in piggyback taxes collected over the past three tax years, Montgomery County would have to return $72.5 million to taxpayers. The ruling would affect about 56,000 taxpayers statewide.
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5 comments:
D"OH!Its about time someone gets tax relief from taxland.
This is going to be a big deal.
Wicomico County will have to refund .22 million from the general fund to cover the Wynne tax decision by US Federal Court.
Well, we can't cut spending! We still have to give everybody that makes over 100k raises, and buy a house for the farboat and repairs and upgrades for all the free Humvees, so we'll just have to raise taxes again. I know, we'll call it a drought tax. Every drought day this summer when farmers need to irrigate and residents have to water to keep their lawns up from growing tall weeds causing fines, we'll charge them accordingly! Yeah, and then...
im sure there will be a filing fee to issue them.
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