Economic Development / State Budget and Fiscal Issues / Taxes and Revenues
Commission Orders Up Full Menu Of Business Tax Cuts

If the main question was which the Augustine Commission would choose between Corporate Income Taxes and Pass-Through Income Taxes as their preferred business-friendly tax cut... the answer appears to be "both." The Maryland Economic Development and Business Climate Commission - chaired by former Lockheed Martin CEO Norman Augustine - has issues its much-awaited report on tax incentives to promote Maryland competitiveness. Rather than selecting one item and rejecting others, the Commission has made some specific…

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January 18, 2016
Taxes and Revenues
When Do State Tax Changes Spill Over Into County Budgets?

As the 2016 session ramps up, talk of state tax changes have filled the headlines. A level deeper, though - what state tax decisions might have direct or carryover effects on county budgets? A quick primer: PERSONAL INCOME TAXES The state income tax is the top source of general revenue, and the biggest overall target for policy changes. Since county tax rates are independent of the state rates - counties are affected by some state…

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January 15, 2016