As discussions heat up over a repeal of a local stormwater management fee and a reduction in the corporate income tax, advocates are banding together to protect the initiatives they fought to put in place . As reported by the Baltimore Sun (limited free views available):
Various camps have formed focus groups, commissioned studies or launched behind-the-scenes advocacy efforts to demonstrate that the taxes they championed serve a public good.
However, recent discussions do not necessarily equate to changes.
The push for tax cuts includes calls by four of the six gubernatorial candidates to reduce the state’s corporate income tax, and some local officials want the stormwater fee repealed. Legislative leaders, including the speaker of the House of Delegates and the president of the state Senate — have spoken in favor of both general and specific tax relief after years of increases.
But the election-year focus on tax cuts doesn’t necessarily mean that any will be enacted.
“Nobody is going to come in and say the corporate income tax rate needs to be lowered and that’s the end-all, be-all,” said Del. John L. Bohanan Jr., the St. Mary’s County Democrat who chairs a business climate work group formed by House Speaker Michael E. Busch. “It’s not at the burning-crisis level where people say, ‘That’s it.'”
Senate President Thomas V. Mike Miller “has floated the idea of cutting the corporate income tax rate. He has also suggested that “there needs to be an adjustment” to inheritance taxes.
In addition to cutting the corporate income tax, the business climate workgroup is looking at tax credits and other types of business tax breaks.