Maryland's Tech Tax Falls Short
Annapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Marylands data and IT services tax, expected to generate billions, is now projected to bring in just $220 million in 2026, far short of initial estimates. Despite optimism from the state comptroller, Republicans criticize the tax as a failure, blaming it for slowing tech sector growth. As the budget process accelerates, concerns about Marylands structural deficit persist, with some predicting larger shortfalls next year.
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