Montgomery County delegate Roger Manno’s bill would close the loophole that allows corporations to legally dodge paying Maryland taxes:
“A bill to implement a new tax method for certain businesses referred to as “combined reporting” already has been pre-filed by Del. Roger Manno (D-Dist. 19) of Silver Spring. The measure would require companies that operate in numerous states to total their combined profits from all entities and then pay a portion to Maryland based on factors such as how much property, payroll and revenues were reported in the state.”
Manno’s bill would also extend the “millionaires tax,” which is set to expire at the end of the year.
Full article here.
