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.
The Maryland Chamber of Commerce hosted a roundtable discussion with U.S. Senator Ben Cardin and Maryland business leaders on Monday, February 23 at the Chamber headquarters in Annapolis.
The Senate Budget and Taxation Committee and House Economic Matters Committee heard legislation this week that would create a state-run retirement savings plan for private sector employees whose employers do not offer retirement plans.
On Thursday, February 12, the Maryland Economic Development and Business Climate Commission, also known as the Augustine Commission, announced that they will be releasing thirty-two recommendations for how to make the State more friendly to business.
Once again, legislation to impose a system of unitary combined reporting for corporate income taxes was heard in the Senate Budget & Taxation Committee on Wednesday.
“Despite claims to the contrary, combined reporting closes no loopholes and adds little to overall state coffers. Instead, it adds volatility to tax revenues, disadvantages Maryland among its competitors, adds complexity to small businesses, and risks alienating the very industries Maryland is trying to attract,” said Mathew Palmer, Senior Vice President, Government Affairs.
The Chamber hosted its annual Maryland Business Reception on January 29 at the Governor Calvert House in Annapolis. Once again hundreds of business leaders from across Maryland gathered
Governor Larry Hogan delivered his first State of the State yesterday, Wednesday February 4, and outlined a number of initiatives he will champion during this year’s General Assembly Session
James A. Fielder, Jr., Ph.D., Secretary of Appointments, Office of Governor, spoke to the Maryland Association of Chamber of Commerce Executives (MACCE) on Monday, January 26, giving Chamber executives a better understanding of the Appointment process and the enormity of the task.