TOWSON, MD—At Friday morning’s meeting of the Baltimore County Council, Councilman David Marks voted to cut $59 million from the proposed Fiscal Year 2021 budget. Combined with his vote last year, Councilman Marks has supported cutting nearly $100 million from the budget over the past two years. “This year, I supported nearly $60 million in cuts to bring our county […]
HARFORD COUNTY, MD—Harford County Executive Barry Glassman on Thursday signed legislation enacting the county budget for Fiscal Year 2021 after it was unanimously approved by the county council on Tuesday. The $948 million budget for next year fully funds the school board’s operating budget request, provides record level funding for public safety, the library system and the community college. The […]
TOWSON, MD—In light of the economic stress placed on households and businesses due to the COVID-19 pandemic, Baltimore County Executive Johnny Olszewski on Tuesday announced that the administration is introducing a bill to allow Baltimore County to delay the tax sale process. “In the midst of this public health crisis, we continue to take unprecedented steps to support our residents,” […]
The following is an op-ed piece from Councilman David Marks… In April, County Executive Johnny Olszewski unveiled his Fiscal Year 2021 budget plan, which can be seen here. The budget proposal was shaped largely by the impact of the coronavirus pandemic. Baltimore County’s revenue has dropped by at least $40 million since the start of the shutdown. Since the budget […]
BALTIMORE, MD—On Monday, the Maryland Department of Assessments and Taxation announced that the 2020 deadline to submit Annual Reports and Personal Property Tax Returns will be automatically extended to July 15 as part of the Hogan administration’s response to COVID-19. Expiration dates for trade names and name reservations, as well as entity forfeiture dates, will also be extended to 30 […]
NOTTINGHAM, MD—Americans will have a few extra months to file their taxes due to the coronavirus pandemic. On Friday morning, Treasury Secretary Steve Mnuchin announced that “Tax Day” had been moved to July 15th. “At (President Trump’s) direction, we are moving Tax Day from April 15 to July 15,” said Mnuchin. “All taxpayers and businesses will have this additional time […]
UPDATE: The federal government has extended the tax filing deadline to July 15, 2020. Original story below… —— ANNAPOLIS, MD—Following this week’s White House press conference where it was announced that there would be a 90-day extension of the April 15th deadline for federal income tax payments, Maryland Comptroller Peter Franchot has announced that Maryland business and individual income taxpayers […]
ANNAPOLIS, MD—To assist businesses affected by the economic impact of COVID-19, Comptroller Peter Franchot on Monday announced he will extend business-related tax filing deadlines. The June 1st extension applies to certain business returns with due dates during the months of March, April and May 2020 for businesses filing sales and use tax, withholding tax, and admissions & amusement tax, as […]