(February 26, 2019 – ANNAPOLIS, Md.) Last week, we officially hit the halfway marker for this legislative session. As of day 45, 2,383 bills had been introduced, the Maryland Chamber of Commerce policy committees had reviewed 334 bills and 198 of those bills had been referred to the legislative committee. From those referred, the legislative committee has taken position on 91 bills, nearly 46 percent of the total bills reviewed. Vice President of Government Affairs Larry Richardson said, “It is clear that a number of bills that have been detrimental to business are coming through this session.”
Last Thursday, February 21st, Maryland Chamber members showed up in Annapolis for the second time to testify against a $15 minimum wage. After another lengthy day of testifying, this time in front of the Senate Finance Committee, opponents of this legislation made clear that SB 280 would be catastrophic to businesses, especially small businesses, in Maryland. Read how business leaders came together in the Senate.
On the House side, HB 166 passed out of the Economic Matters Committee on February 25th, with a number of amendments that:
The bill is currently being reviewed on the House floor.
HB 654/SB 937 – Wireless Facilities – Installation and Regulation (5G/Small Cell)
In the video below, Maryland Chamber Policy Analyst Sam Schlaich gets you up to speed on 5G/Small Cell, heard in the House last week and moving to the Senate this week. For more on this issue, download our fact sheet.
SB 377 – Corporate Income Tax – Combined Reporting
Opposed by the Maryland Chamber, SB 377 requires affiliated corporations to compute Maryland taxable income using the combined reporting method – a highly complex system of apportioning taxable income among all states in which a company does business.
Combined reporting will not increase revenues. Maryland’s own Business Tax Reform Commission found that instituting combined reporting “would result in a shift of the tax burden, substantial in some cases, among industries and among taxpayers, resulting in winners and losers.” The Commission further explains that the reasons for enacting combined reporting have all been addressed through legislation passed by the General Assembly and tougher audit methods of the Comptroller’s Office.