Read more about the article Advisory Panel: Keep State Property Tax Rate Flat
Board of Public Works / State Budget and Fiscal Issues / Taxes and Revenues
Advisory Panel: Keep State Property Tax Rate Flat

The Commission on State Debt recommended a State property tax rate of 11.2 cents per $100 of assessed value on real property and 28.0 cents per $100 of assessed value on operating real property of public utilities for fiscal 2024. Those rates have been in place since 2007. As an advisory board to the Board of Public Works, the Commission convenes annually to recommend a State tax rate on real and personal property. This tax…

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April 19, 2023
Read more about the article 2023 Session: Recap and Wrap-Ups
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2023 Session: Recap and Wrap-Ups

Catch up on all of the latest outcomes of the 2023 Maryland General Assembly session with wrap-ups on important county-related bills in each policy area. In addition to the swearing-in of a new governor, comptroller, attorney general, and legislators alike, the 445th legislative session kicked off with more relaxed health and safety measures compared to the turbulence of the last few years. With the 2023 session in the books, it's time to take stock. As…

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April 14, 2023
Read more about the article 2023 End of Session Wrap-Up: Taxes and Revenues
County Budgets / County News / General Assembly News / Taxes and Revenues
2023 End of Session Wrap-Up: Taxes and Revenues

The segments below provide a brief overview of MACo's work on tax policy in the 2023 General Assembly.  The General Assembly routinely considers proposals to change tax structures, often seeking to stimulate economic growth, encourage beneficial activities, or attract and retain residents. These proposals sometimes focus exclusively on the state's tax structure but sometimes extend to local revenues. In general, MACo stands for local self-determination. Counties, led by their elected leaders who are directly accountable…

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April 13, 2023
Read more about the article General Assembly Nixes Outdated, Confusing Constant Yield Tax Law
County News / General Assembly News / Taxes and Revenues
General Assembly Nixes Outdated, Confusing Constant Yield Tax Law

In a significant win for local governments and taxpayers alike, the Maryland General Assembly approved legislation to eliminate the antiquated, inefficient, and confusing constant yield tax law and instead provide constituents with a more efficient, accurate, and transparent overview of local policy decisions and deliberations. The constant yield concept is that, as assessments rise, the tax rate should drop so that the revenue derived from the property tax stays constant from one year to the…

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April 11, 2023
Read more about the article General Assembly Passes County-Friendly Budget
County News / Feature / General Assembly News / News You Can Use / State Budget and Fiscal Issues / Taxes and Revenues
General Assembly Passes County-Friendly Budget

The Maryland General Assembly passed a $63 billion fiscal 2024 budget, which provides $11.5 billion in aid to local governments —  more than $1 billion over fiscal 2023. The funding increase is driven primarily by an additional $811 million for K-12 education/libraries. The budget does not shift any costs to county governments. It fully funds all state-mandated spending formulas, including increases for community colleges, highway user revenues, local health departments, and county disparity grants. Highlights…

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April 4, 2023
Read more about the article Cannabis Bills Moving – Local Revenue Share Remains Smallest in Nation
Cannabis / Planning and Zoning / State Budget and Fiscal Issues / Taxes and Revenues
Cannabis Bills Moving – Local Revenue Share Remains Smallest in Nation

Both the House and Senate have advanced a version of the broad Cannabis Reform legislation anticipated to pass this session - and while different, both bills would provide far less revenue to support local government implementation than any other State that has followed the path of state-level legalization for adult use cannabis. Two bills were cross-filed to effect Cannabis Reform - and both have advanced through their initial committees, representing two differing views on licensing,…

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March 30, 2023
Education / State Budget and Fiscal Issues / Taxes and Revenues
Supplemental Budget Proposed: Funds Disparity Grants, Updates Education Funding

Governor Moore has introduced a first Supplemental budget for FY24 - notably recognizing updated information on taxable income by county, which drives multiple funding formulas affecting counties and school systems.  Supplemental Budget #1 was introduced Friday, March 3 - and is the first adjustment to the Governor's proposed budget. Under Maryland law, the Governor may revise the proposed budget through this supplemental process, as many times as desired, but the General Assembly must receive and…

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March 8, 2023
Read more about the article This Week: Board of Revenue Estimates to Vote on Revised Fiscal Forecast
News You Can Use / State Budget and Fiscal Issues / Taxes and Revenues
This Week: Board of Revenue Estimates to Vote on Revised Fiscal Forecast

The Board of Revenue Estimates (BRE) will hold a virtual meeting on Thursday, March 9, to vote on the revised general fund revenue estimates for fiscal years 2023 and 2024. The three-member panel, which includes Comptroller Brooke Lierman, State Treasurer Dereck Davis, and Secretary of Budget and Management Helene Grady, is responsible for estimating state revenues to manage the State’s budget. The forecasts for the current fiscal year and the one that begins in July…

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March 7, 2023
Read more about the article Counties Urge Fair, Equitable Taxation for Home Amenity Rentals
MACo Testimony / Taxes and Revenues
Counties Urge Fair, Equitable Taxation for Home Amenity Rentals

On March 2, 2023, MACo Legislative Director Kevin Kinnally testified before the House Ways and Means Committee in support of HB 1064 - Home Amenity Rentals - Sales and Use Tax Imposed and Local Tax Authorized with amendments. This bill requires "home amenity rental intermediaries" or "home amenity rental platforms" – facilitators coordinating the sale or use of a home amenity between guests and hosts – to collect and remit specified state and local taxes.…

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March 2, 2023
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