Appeal your Real Estate Assessment |
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You have the right to petition for review of your current property assessment. If you appealed your assessment during this year of 2008 you learned that sales that took place after January 1, 2008 were not considered.
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New Tax Laws Top General Assembly's Agenda |
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Maryland's General Assembly passed a number of tax-related measures during its 2009 legislative session.
Beverly Richard of SC&H Tax and Advisory Services, who chairs the MACPA's State Taxation Committee, and Karen Syrylo, a state tax policy consultant for the Maryland Chamber of Commerce and one of the MACPA's most legislatively active members, have compiled this summary of new tax-related legislation in Maryland.
Further details about each bill can be found on the General Assembly's Web site.
Tax amnesty period (Senate Bill 552)
- Sept. 1 to Oct. 30, 2009
- Pay unpaid personal income tax, corporate income tax, withholding tax, sales and use tax, or admissions / amusements tax.
- All civil penalties and half of interest will be waived.
- Comptroller may agree to payment plan; must be paid by Dec. 31, 2010.
- Not qualified are (a) any taxpayer who has more than 500 employees in the United States or is a member of a corporate group with more than 500 U.S. employees; (b) any taxpayer granted amnesty under the 2001 amnesty program; and (c) any taxpayer eligible for the 2004 amnesty re: issues ruled on by court in the SYL, Inc. and Crown Cork and Seal cases.
- Comptroller's office is developing forms and FAQs to post to its Web site.
IRC decoupling (House Bill 101 - budget bill)
- Decouples Maryland from new five-year NOL provision and changes to cancellation of debt provisions.
Mandated electronic filing of personal income tax returns (SB 96 / HB 810)
- 2009 returns, if the preparer files more than 300 returns.
- 2010 returns, if the preparer files more than 200 returns.
- 2011 returns, if preparer files more than 100 returns.
- The comptroller may grant a hardship exemption.
- Penalties for non-compliance: $50 per return, $500 maximum
Changes to Biotech Investment Credit (SB 800 / HB 493)
- Administrative, definitions: Individuals and entities; timing for dollars / certification; recapture provisions.
- Mark Vulcan at DBED: (410) 767-6438
Employee - Independent Contractor Classification (SB 909)
- Applies to construction and landscaping businesses - for now.
- Creates presumption that work performed by an individual paid by an employer creates an employee classification (not contractor).
- Investigation procedures and penalties for non-compliance.
- Labor and industry classifications, workers' compensation coverage, and SUTA.
- Note implications for state unemployment tax (but see DLLR's current "ABC test").
- Note possible implications for income tax withholding (the comptroller's office is to use its own rules).
- Note differences between this bill and ABC test and IRS classification criteria.
Manufacturers' Personal Property Tax Exemption (SB 88)
- Provides additional time to file the personal property tax exemption application - within six months following the receipt of an assessment notice (versus current law that requires an exemption to be filed by Sept.1 of a taxable year).
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