tax

Don Rush

DOVER, Del. (AP) - Republican lawmakers have introduced legislation to eliminate Delaware's estate tax effective July 1.

The legislation introduced Thursday aligns with a recommendation by a state panel formed by Democratic Gov. Jack Markell.

The panel, which studied how to make Delaware's revenues more predictable and aligned with economic conditions, noted that the estate tax is volatile and brings in little money - only $1.3 million last year.

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The best way to deal with providing fire and EMS service in Salisbury and the surrounding area is for Wicomico County to agree to some form of tax relief.

That’s was the opinion of the Salisbury Fire Chief Rick Hoppes.

Mayor Jim Ireton has laid down a deadline for later this year for the county to come to some agreement with the city or fire and EMS service will be restricted to the city limits of Salisbury.

The comments by the chief came during a roundtable discussion yesterday looking at options to resolve the issue.

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ANNAPOLIS, Md. (AP) - The Maryland Senate has voted to make third-party travel websites pay all of the state's sales tax, because bill supporters say they currently are getting around paying the full amount.

The Senate voted 31-16 for the bill Tuesday.

Supporters say it closes a loophole for online travel companies, which only pay the sales tax on a discounted price it pays the hotel. The bill requires them to remit the same amount of sales tax collected from customers as Maryland's hotels do.

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ANNAPOLIS, Md. (AP) - A Senate committee is backing a bill to close a tax loophole for third-party travel websites.

The committee voted 9-4 on Wednesday in favor of the legislation, which ensures booking companies such as Expedia and Travelocity pay Maryland the same amount of sales tax on that a customer would pay if they did not purchase a discounted hotel room from the travel site.

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The latest Delaware revenue projections find that tax-collection estimates dropped more than $45 million.

That’s the word from the Delaware Economic and Financial Advisory Council on Monday.

The governor’s $3.9 billion budget had been based on a higher projection.

The decline will now force the governor and lawmakers to trim state spending or hike revenue to balance the state budget.

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BALTIMORE (AP) - Maryland regulators held a hearing on a proposed settlement with Uber that would place the popular ride-sharing company's operations under state regulation.

WBAL-TV reports that the Maryland Public Service Commission held the hearing Friday.

Uber is not currently regulated in the state of Maryland. But under the terms of the settlement Uber's subsidiary, Drinnen, would be required to apply for a motor carrier permit and hire drivers, whose names would be submitted to the PSC for background checks.

Don Rush

BALTIMORE (AP) - A Maryland health group says it has support from 200 candidates for the Maryland General Assembly to increase the state's tobacco tax by $1 a pack.

The Maryland Citizens' Health Initiative released a list of candidates in support of the increase on Wednesday.

The group wants to direct the additional revenue to reduce teen smoking and fund health care programs.

The list includes support from 20 incumbent state senators, and 52 incumbent House members.

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WASHINGTON (AP) - WASHINGTON (AP) - The Supreme Court is taking up a dispute over how a state may tax income its residents earn in another state.

The high court agreed Tuesday to hear an appeal from Maryland officials to overturn a lower court ruling that found the state's tax law unconstitutional.

Maryland law allows residents to deduct income taxes paid to other states from their Maryland state tax. But it does not apply that deduction when it comes to local "piggyback taxes" the state collects for county and city governments.

Don Rush

DOVER, Del. (AP) - Officials in Dover are looking at filling a nearly $2.2 million budget gap with the largest tax hike in years.

The proposed 7-cent tax increase would be a 21 percent bump for property taxes and could cost homeowners $36 to $172 more annually.

At a special meeting on closing the budget gap Wednesday, City Manager Scott Koenig suggested increasing the groundwater surcharge to 45 cents per gallon and doubling rates for water and wastewater to $2.50 to help offset the deficit.

Don Rush

ANNAPOLIS, Md. (AP) - Lawmakers have agreed to pony up extra money next year to keep "House of Cards" filming in Maryland.

During budget negotiations Thursday, they also rejected the possibility of seizing film companies' property if they leave the state after accepting tax credits.

Warren Descheneaux, the legislature's top budget analyst, says a House committee will likely vote to raise the annual cap on film tax credits from $7.5 million to $11 million.

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RICHMOND, Va. (AP) - Virginia is shedding its late 19th century oyster tax for an annual user fee.

The new system will spare watermen mounds of paperwork and return the proceeds of the user fee back to the Chesapeake Bay to replenish public oyster stocks. The new system begins July 1.

It will replace a system that required monthly reports and taxes on each bushel of oysters. The user fees apply to commercial oyster operations, not for individuals who grow oysters off their docks for their own eating enjoyment.

 

On a 4-to-3 vote the Ocean City Town Council has cut the proposed tax increase for the 2013 fiscal budget by 1 cent.

This would shave around $14 from the average household obligations and it will take $800-thousand or so it will lose from its reserve fund.

Council member Jim Hall said that even this small amount to would taxpayers that the town is doing something to try to help them.

But Council member Mary Knight said she did not believe the small saving to the taxpayers was worth taking the money from the reserve fund.