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Taxation

Highlights

A collection of news and information related to Taxation published by this site and its partners.

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    May 29, 2012 |Story| Baltimore Sun

  1. Our 2 cents: Mayor's tax plan is a good start

    MayorStephanie Rawlings-Blakehas taken a bold step forward to alleviate Baltimore City's painfully high residential property tax rate. In the face of very difficult economic and budgetary conditions, she has introduced the Targeted Homeowners' Tax Credit ordinance. It is designed to reduce the effective property tax rate for homeowners in the city by approximately 2 cents per $100 of assessed value in fiscal 2013, increasing annually to 20 cents by fiscal 2020.
    MayorStephanie Rawlings-Blakehas taken a bold step forward to alleviate Baltimore City's painfully high residential property tax rate. In the face of very difficult economic and budgetary conditions, she has introduced the Targeted Homeowners' Tax...

    Tags: Baltimore County, Realty, Business, Finance, Homes

    2. May 23, 2012 |Story| Baltimore Sun

  2. Maryland offers tax relief on debt forgiveness

    For a long time, you had to pay income tax on debt that your mortgage lender forgave. During the height of the housing crisis, the federal government offered a reprieve — it stopped collecting income tax on up to $2 million of forgiven mortgage debt...

    Tags: Mortgages, Income Tax, Federal Income Tax, State Income Tax, Maryland General Assembly

    3. May 22, 2012 |Column| Baltimore Sun

  3. Defining down 'rich' won't save Maryland's budget

    Plastic surgery and Botox made 40 the new 30. In this month's special session of the General Assembly, Maryland's Democratic legislators made $100,000 the new $1 million. Unlike doctors and pharmaceuticals, however, members of the state's majority party...

    Tags: Botox (drug), Democratic Party, Howard County, Income Tax, Martin O'Malley

    4. May 17, 2012 |Story| Baltimore Sun

  4. It's time for tax reform that benefits the middle class

    Thomas Neale's recent letter to the editor employs uses usual Republican tactic of throwing out irrelevant statistics to confuse the issue of tax fairness ("The wealthy pay more than their fair share," May 14). It doesn't matter that the top 1 percent...

    Tags: Income Tax, Federal Income Tax, State Income Tax, Personal Income

    5. May 17, 2012 |Story| Baltimore Sun

  5. Special tax deals unfair

    The 15-year real estate tax abatement for the Superblock in West Baltimore raises important policy issues that need to be addressed. Specifically, should the city — and in certain cases, the state — grant economic incentives for real estate...

    Tags: Realty, Property Tax, Rental Service, Stephanie Rawlings-Blake, Rentals

    6. May 17, 2012 |Story| Patuxent Homestead

  6. Harford legislators, county executive sound off on special session

    The top 14 percent of Maryland residents will soon pay more in income taxes and the counties will begin to cover a portion of teacher pension costs. The House of Delegates approved the tax measure 77 to 60 Wednesday afternoon, the last day of the special...

    Tags: Harford County, Budgets and Budgeting, Annapolis, Family, Marriage

    7. May 16, 2012 |Story| Baltimore Sun

  7. O'Malley builds on tax-raising legacy

    The General Assembly's speedy embrace of Gov. Martin O'Malley's income tax increases this week cleaned up a political mess in Annapolis, but the rate hikes could come back to haunt the Democrat if he seeks national office when his time in the governor's mansion is up.
    The General Assembly's speedy embrace of Gov. Martin O'Malley's income tax increases this week cleaned up a political mess in Annapolis, but the rate hikes could come back to haunt the Democrat if he seeks national office when his time in the governor's...

    Tags: Andrew Cuomo, Ronald Reagan, AFSCME, Regional Authority, The New York Times

    8. May 16, 2012 |Story| Baltimore Sun

  8. General Assembly raises income tax on top 14 percent

    It took three carefully scripted days, but Maryland's ruling Democrats finally put in place the budget deal that eluded them in the waning hours of the state's regular session last month.
    It took three carefully scripted days, but Maryland's ruling Democrats finally put in place the budget deal that eluded them in the waning hours of the state's regular session last month. The revenue package approved by the House on Wednesday will...

    Tags: Biotechnology, Michael E. Busch, Budgets and Budgeting, Annapolis, Interior Policy

    9. May 15, 2012 |Story| Baltimore Sun

  9. House poised to approve income tax increase

    After beating back a series of challenges in the House of Delegates, lawmakers are poised to give final approval Wednesday to a plan to raise the state income tax to fund schools, police and Medicaid.
    After beating back a series of challenges in the House of Delegates, lawmakers are poised to give final approval Wednesday to a plan to raise the state income tax to fund schools, police and Medicaid. The legislation, introduced Monday by Gov. Martin O'...

    Tags: Baltimore County, Michael E. Busch, Executive Branch, Budgets and Budgeting, Annapolis

    10. May 15, 2012 |Story| Patuxent Homestead

  10. Harford to take $4.8 million hit in state aid

    If all goes as expected, the Maryland General Assembly will pass two bills Wednesday during the special legislative session in Annapolis that will increase income taxes for some and shift teacher pension costs to the counties. For Harford County, this...

    Tags: Harford County, Baltimore County, Budgets and Budgeting, Annapolis, Finance

    11. May 14, 2012 |Story| Baltimore Sun

  11. Democratic tax plan faces challenge from within

    A carefully choreographed strategy to raise state income taxes to stave off so-called doomsday budget cuts faces a challenge in the General Assembly after several Democrats defied party leaders with a proposal to raise the sales tax instead.
    A carefully choreographed strategy to raise state income taxes to stave off so-called doomsday budget cuts faces a challenge in the General Assembly after several Democrats defied party leaders with a proposal to raise the sales tax instead. The...

    Tags: Regional Authority, Executive Branch, Budgets and Budgeting, Annapolis, Calvert County

    12. May 14, 2012 |Story| Baltimore Sun

  12. GOP opens session with roar of protest

    Republican lawmakers opened Monday's special session with a roar of protest, denouncing Gov. Martin O'Malley as a liar and vowing to fight the majority Democrats' plans to raise income taxes and shift part of the cost of teacher pensions to the counties.
    Republican lawmakers opened Monday's special session with a roar of protest, denouncing Gov. Martin O'Malley as a liar and vowing to fight the majority Democrats' plans to raise income taxes and shift part of the cost of teacher pensions to the counties....

    Tags: Executive Branch, Budgets and Budgeting, Annapolis, Calvert County, Interior Policy

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