Taxes, Taxes And Taxes. Maryland Lawmakers Look To Businesses To Fund Education

Lawmakers in the Maryland General Assembly have already filed more than 2,100 bills within the first 30 days of the 90-day legislative session.

With so many proposals flying around, it can be hard for anyone to keep up with what’s happening in Annapolis. The Business Journal has combed through the bills to find the ones that could affect businesses.

While big-ticket items like a proposed tax on the digital advertising services and the legalization of sports betting have attracted attention, there are hundreds of other bills that could have an impact on businesses across the state. Some of the proposals alter or get rid of tax credits while others are aimed at improving workforce development or lowering the cost of providing health insurance.

Many of the bills, particularly when it comes to taxes, are aimed at helping the state generate more revenue to pay for billions of dollars in public education reforms. The so-called Kirwan Commission, chaired by William E. “Brit” Kirwan, the former chancellor of the University System of Maryland has recommended an ambitious plan to invest $4 billion per year into public schools. The total cost during a 10-year phase-in period is $32 billion.

Click here to read the rest of the article written by Holden Wilen over at the Washington Business Journal

Leave a Reply

Your email address will not be published. Required fields are marked *