Thursday, May 23, 2013
Maryland Taxpayers Could See Refunds As Attorney General Weighs Appeal
Maryland Attorney General Doug Gansler is weighing an appeal of a decision by the state's highest court that would cost the state's counties and Baltimore City $128 million in taxes.
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.
at 5/23/2013 01:30:00 PM