Taxes and Revenues Archives

State Announces Seven New and Redesignated Enterprise Zones Across Several Counties

Governor Wes Moore announced that the Maryland Department of Commerce approved three new Enterprise Zones – Woodlawn in Baltimore County, the towns of Betterton and Worton in Kent County, and the town of Snow Hill in Worcester County. The department also approved redesigning and expanding an existing zone in the town of Princess Anne in Somerset County and existing zones in Baltimore County’s Southwest area, Cecil County, and the City of Cambridge in Dorchester County.…

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July 17, 2023

News You Can Use / Taxes and Revenues

Sports Wagering Revenue Down, Casino Revenue Ticks Up

Sports wagering contributes $2.8 Million in tax revenue during June. Maryland's ten retail and ten mobile sportsbooks generated $2,835,051 in contributions to the State. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland's Future Fund, which supports public education programs. June is typically a slower month, with fewer events on the sports wagering calendar. As such, the statewide handle in June totaled $254,476,790, down 20.5 percent from May. Maryland Lottery…

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July 12, 2023

Cannabis / General Assembly News / Planning and Zoning / Public Safety and Corrections / Summer Conference / Taxes and Revenues

Adult-Use Cannabis: Taxes, Zoning, and Safety – Oh My!

At this year's MACo Summer Conference, learn best practices for navigating the fast-changing political, social, and regulatory landscape of adult-use cannabis. After an overwhelming share of Marylanders approved a referendum to legalize adult-use cannabis, the Maryland General Assembly passed sweeping legislation to address cannabis taxes, licensing, oversight, and more. As previously reported on Conduit Street, Maryland cannabis sales totaled more than $10 million over the July 4 holiday weekend as retail sales for adult consumers…

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July 10, 2023

Cannabis / Taxes and Revenues

Maryland Cannabis Sales Eclipse $10M Over July 4 Weekend

Maryland cannabis sales totaled more than $10 million this past holiday weekend as retail sales for adult consumers launched across the state, according to the Maryland Cannabis Administration (MCA). From Friday through Sunday, collective adult-use and medical cannabis purchases reached $10,429,736 — more than double the $3,985,527 in medical cannabis sales the state saw during last year’s 4th of July holiday weekend. As previously reported on Conduit Street, HB 556/SB 516 of 2023 imposes a…

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July 6, 2023

Business Affairs / County News / Education / General Assembly News / News You Can Use / Taxes and Revenues

State to Study Online Casino Gaming, Issue Could Be Before Voters in 2024

SB 267, which put up for referendum the issuance of internet gaming licenses to video lottery operators in Maryland, fell short during the 2023 legislative session. However, budget language requires the Maryland Lottery to study online casino gaming and submit a report to the General Assembly. Online casinos enable gamblers to play and wager on casino games via the internet. While many states allow brick-and-mortar casinos and sports wagering, only six states allow online casinos:…

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June 28, 2023

County News / NACo and Federal Issues / Taxes and Revenues

Wisconsin Passes “Game Changer” for County Funding

Wisconsin counties will receive a 20 percent cut of state sales tax revenues, boosting funding and giving them a more participatory role in their fiscal health. Wisconsin counties will see a significant boost in funding and a chance to control their destiny under a new state tax policy signed into law this week. Assembly Bill 245, which Gov. Tony Evers signed June 19, will send 20 percent of the average state's sales tax revenue to…

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June 23, 2023

Business Affairs / County News / Feature / Housing and Community Development / News You Can Use / Planning and Zoning / Taxes and Revenues

Conduit Street Podcast: Commercial Real Estate — Apocalypse or Opportunity?

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June 23, 2023

Education / News You Can Use / Taxes and Revenues

Maryland Casino Revenue Down, Sportsbooks Doing Well

Statewide sports wagering totaled nearly $320.2 million last month -- the second-best single-month total to date. Maryland’s ten retail and ten mobile sportsbooks combined to generate $4,650,711 in contributions to the state during May 2023, the second-best single-month total to date. Each sportsbook contributes 15 percent of its taxable win to the Blueprint for Maryland’s Future Fund, which supports public education programs. The statewide handle in May totaled $320,199,671, with mobile handle accounting for 95.3…

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June 13, 2023

Cannabis / County Budgets / County News / Elections / Employee Benefits and Relations / Feature / General Assembly News / Human Resources / News You Can Use / Summer Conference / Taxes and Revenues / Transportation and Public Works

Conduit Street Podcast: Gears Still Turning in Annapolis

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June 9, 2023

County Budgets / County News / Taxes and Revenues

County Exec Hornberger Announces Plan to Return $20 Million to Cecil Taxpayers

Cecil County Executive Danielle Hornberger unveiled her plan to return $20 million to qualified residential property owners as a historic tax rebate. This real property tax credit will be issued to the owner-occupied property of homeowners with a real estate tax bill of at least $1 as of July 1, 2023. As previously reported on Conduit Street, the property tax rebate is part of County Executive Hornberger's fiscal 2024 budget. The County Executive's budget, subject…

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June 6, 2023