For a number of years, progressive groups and legislators have been pushing for Maryland to adopt combined reporting for corporate income tax filings and each year the Maryland Chamber and our members have successfully advocated to defeat this change. Again this year a number of groups have written opinion pieces or open letters advocating for the adoption of combined reporting; including Senator Paul Pinsky, the lead sponsor of combined reporting legislation, and a group of progressive legislators in both the House of Delegates and the Senate.
In the form of an open letter, Maryland Chamber President, Brien Poffenberger, felt it necessary to once again address some of the arguments which these groups have made for moving to combined reporting. This letter serves to inform the new administration and new legislators of the Maryland Chamber’s strong opposition to combined reporting, which is contrary to our mission to grow jobs and make Maryland the most competitive business state in the nation. For a copy of the letter, click here.