ANNAPOLIS, MD—Governor Larry Hogan on Friday signed emergency bipartisan legislation to immediately suspend the state of Maryland’s gas tax for 30 days. With this action, which both the House and Senate passed with unanimous support, Maryland became the first state in the nation to enact an immediate suspension of the gas tax. “This bipartisan action will provide some relief from […]
UPDATE: Governor Hogan has signed emergency legislation suspending the gas tax for 30 days. Original story below… —— ANNAPOLIS, MD—Governor Larry Hogan on Thursday issued the following statement after the Board of Revenue Estimates reported an increase in the state’s record budget surplus: “Today’s incredible revenue estimates increase our already record surplus and reinforce the fact that Maryland continues to […]
BALTIMORE, MD—The Maryland Department of Assessments and Taxation (SDAT) this week announced the availability of 2022 annual reports, personal property tax returns, and extension requests for businesses registered in Maryland. All domestic and foreign business entities must file an annual report or request an extension by April 15, 2022 to maintain their “good standing” status. “Since the onset of the […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date, nearly $41 million in tax credits has been awarded to Maryland residents. “Since its launch in 2017, more than 40,600 residents have benefited from the Maryland Student […]
ANNAPOLIS, MD—Governor Larry Hogan on Wednesday presented his Fiscal Year 2023 (FY 2023) surplus budget, which strengthens the state’s Rainy Day Fund to record levels, delivers major tax relief to retirees and working families, expands relief for vulnerable Marylanders, makes record investment in K-12 education and school construction, increases funding for the Maryland Park Service, fully funds Chesapeake Bay restoration, […]
ANNAPOLIS, MD—Comptroller Peter Franchot on Wednesday announced that the filing and payment deadline for 2021 Maryland state individual income taxes has been extended by three months – to Friday, July 15, 2022 – to assist taxpayers facing financial difficulties due to the COVID-19 pandemic. The extension announcement came during a virtual news conference with agency officials to discuss the January […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday afternoon announced the largest tax relief package in state history to deliver more than $4.6 billion in relief for Maryland families, small businesses, and retirees. “Next to our health recovery from the worst pandemic in more than a century, nothing is more important than our continued economic recovery,” said Governor Hogan. “With all of […]
ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced a five-point framework for how the State of Maryland will utilize the $2.5 billion surplus—the largest in state history—reported last week by the Bureau of Revenue Estimates. The framework builds on the governor’s record of fiscal discipline while prioritizing relief that advances the state’s recovery. “The entire mission of my administration has been […]