On January 18, 2023, MACo Legislative Director Kevin Kinnally submitted testimony to the Senate Budget and Taxation Committee in support of SB0114 – Property Tax – Constant Yield Tax Rate – Notice Requirements.
SB 114 would make necessary and timely changes to outmoded Maryland’s constant yield tax law provisions, allowing local governments to better serve and react to community needs.
From the MACo Testimony:
While SB0114 keeps the advertisement requirements in place, the bill replaces misleading and deceiving language with a more accurate description of local fiscal considerations. This will make the notice easier to understand, thereby improving government transparency and accountability. SB0114 would make necessary and timely changes to outmoded provisions of Maryland’s constant yield tax law, which will allow local governments to better serve and react to community needs.
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