A Maryland lawmaker is vying for the state to reimburse personal property taxes to businesses reeling from the pandemic, though the refund could cost the state an estimated $365 million. Last year, Maryland businesses paid an average of $2,860 in these property taxes, which include physical assets that businesses need to operate –– like refrigerators at restaurants and swivel chairs at barber shops.
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House Passes Estate Tax Exemption Increase
The Maryland House of Delegates overwhelmingly passes bipartisan legislation to raise the state’s estate tax threshold.