tax

Local News
8:21 am
Thu May 29, 2014

Backing For Cigarette Tax Hike Gets Boost in Maryland

Credit 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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Local News
12:05 pm
Tue May 27, 2014

U.S. Supreme Court Takes Up Maryland Tax Case

U.S. Supreme Court Building
Credit creative commons

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.

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Local News
12:16 pm
Thu May 22, 2014

Dover Residents Could See Big Tax Hike

Credit 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.

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Local News
10:37 am
Fri April 4, 2014

Raising Annual Cap on Film Tax Credits

Credit 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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News
9:15 am
Tue June 4, 2013

Virginia Revamps Oyster Tax

Credit wikimeda commons

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.

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News
8:32 am
Thu May 10, 2012

Ocean City Town Council Shaves Proposed Tax Hike

 

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.