The United States Supreme Court has ruled in a 5 to 4 decision that a component of Maryland’s personal income tax structure is unconstitutional because it results in double taxation of income earned outside of Maryland and thus violates the Commerce Clause of the U.S. Constitution. Comptroller of the Treasury v. Wynne, Opinion 13-485. The ruling affirms the decision of the Maryland Court of Appeals. This is such an important case to our State and our members that the Maryland Chamber of Commerce had filed an amicus brief with the Supreme Court supporting the taxpayer’s argument.
Delegates Vote 84 to 56 in Favor of Hotel Industry Legislation - The House of Delegates approved legislation (Senate Bill 190 and HB1065) on Wednesday, April 8, that would close a sales tax loophole in order to provide parity for everyone in the business of booking hotel rooms in Maryland.
“The Maryland Chamber supports this legislation because it creates an even playing field regarding tax law between online travel companies and hotels when selling rooms in Maryland,” said Brien Poffenberger, president and CEO of the Maryland Chamber of Commerce.
Senate Bill 347 – Maryland False Claim Act of 2015 is headed to the House of Delegates after the Chamber and other business groups were able to substantially amend the bill.
When Governor Larry Hogan unveiled his budget proposal on Thursday, January 22 few could have predicted that within two months, a mere 45 business days, both the House of Delegates, in an overwhelming 129-10 vote, followed by a unanimous vote in the Senate, would approve a $40.7 billion state budget.
Last year the legislature's presiding officers created the nonpartisan Maryland Economic Development and Business Climate Commission, more commonly known as the “Augustine Commission”. The charge of the Augustine Commission, chaired by Norman Augustine, former CEO of Lockheed Martin, and made up of business and political leaders, was to find ways to improve Maryland’s business climate and grow the economy.
The Maryland Congressional Delegation Dinner was held Monday, March 9 and, for those of you who couldn’t make it, this was a dinner like no other.
As you may recall in May 2014, Former Governor O'Malley issued an Executive Order to create a taskforce to ensure retirement security for all Marylanders.
The nominating process for one- and three-year seats on the Maryland Chamber of Commerce Board of Directors is underway.
The new legislative session opened with the promise of serious conversation about corporate taxes and the Maryland Chamber of Commerce has been part of the debate. Much of the discussion, however, has centered on “combined reporting,” a complex formula that assesses taxes based on a company’s profits and losses in other states and in Maryland. On Friday, March 6, HB 663 will be heard in the Ways & Means Committee and the Chamber will provide testimony.
On Tuesday, March 3 the Maryland Chamber of Commerce testified in opposition to HB 730; a bill that would reverse the legislature's decision to recouple (in a phased approach) the threshold for Maryland's estate tax with that of the federal government's and would set Maryland's Estate Tax at $1.5 million.