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Friday, April 26, 2013

Md. Corporate Tax Will Be Cut, Senate Chairman Predicts

Maryland’s 8.25% corporate income tax will be lowered next year, at least by the Maryland Senate, predicted Sen. Ed Kasemeyer, chair of the Senate Budget and Taxation Committee.

“I do believe that next year you’ll see it occur,” Kasemeyer told a Howard County Chamber of Commerce breakfast Thursday. The Howard County Democrat had backed lowering the rate at a meeting of the same group in 2011.

Kasemeyer said budgeters needed to wait for the state’s revenue situation to stabilize before lowering any taxes. There were a number of proposals this year to lower the corporate tax rate, which is two percentage points higher than Virginia’s.

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2 comments:

Anonymous said...

Ok. But they will add the rain tax which will be more than what they are lowering. Maryland, haven't we had enough of Democrats in this state? In the early 1990s we had a foreign exchange student from the Netherlands who lived with our family for a year. We are still in contact on a regular basis. He has returned for special occasions with our family, and our son has been to visit him and his family. When the Rain Tax passed he called us in Delmar to see if it was true. Even foreign countries are laughing at Maryland.

Anonymous said...

Maryland to lower a tax? Yeahright. oh, I believe you. yes, I do. ok. really, I really do.
Brawhahahahahahahaha!