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1 William Ahern, Maryland Legislature Approves New Taxes across the Board: A Regional Comparison of the Three Possible Alternatives 1 (2007)

handle is hein.taxfoundation/ffbbcxz0001 and id is 1 raw text is: TAX FOUNDATION Maryland Legislature Approves New Taxes Across the Board: A Regional Comparison of the Three Possible Alternatives Fiscal Fact No. 112 by William Ahern November 13, 2007 There's now little or no chance that the tax package being debated in Annapolis will include a tax cut for anyone. Lawmakers in both the Senate and House have raised every major tax, and both houses discarded the two smallish tax cuts that Governor O'Malley had offered. Those were a low-end income tax break worth about $150 for each couple and a cut in property taxes worth $90 for each $100,000 of home value. The three biggest tax hikes will be general sales, personal income on high earners, and corporate income. The tables below compare current law in Maryland to its border states, and they also give the change in rate and rank that will occur according to each of the three alternative tax hikes: the governor's, the Senate's, and the House's. General Sales Tax: O'Malley, Senate or House? All Agree on 6% Rate, Virginia Will Now Have Advantage in Every Type of Tax State State-Local Sales Tax Rate and Regional Rank* Current Law O'Malley Senate House .. aat. a k.. .. R aR n a ................................. Rate Rank Rate Rank Rate Rank Rate Rank Maryland 5o 3 6o 2 ,6Oo. 2 ,6%o. 2 i~ ~ s ~ ~ n ..................6 . 2 /0....................... 1 ................. Pennsylvania 6.22%o 1 West Virginia 6% 2 Virginia 5% 3 Delaware zero 5 * Under current law, Maryland ties for third highest with Virginia; under new law M aryland will tie for second highest rate with West Virginia. :Source: State and local tax forms.

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