Governor Larry Hogan announced Wednesday that his Administration will propose legislation this session to protect Maryland taxpayers from any negative impacts resulting from federal tax reform. He made the statement at the weekly Board of Public Works meeting.
From The Baltimore Sun:
“Protecting taxpayers should be a bipartisan issue,” Hogan said.
He called his plan “my holiday gift to the people of Maryland.”
Hogan did not immediately offer details but said his understanding is that the bill as written by the Republican Congress, would yield hundreds of millions in extra revenue for the state. That is money the presumably could be used to offset deductions taxpayers lose in the federal bill that is now on track for final passage.