Thursday, January 31, 2019

Maryland lawmaker willing to take chance on controversial combined reporting bill

Maryland Sen. Ron Young says multiple tech company executives have told him they will consider moving out of the state if an accounting tax change he is proposing gets passed by the General Assembly. Young wants to call their bluff. A bill proposed by Young, a Democrat from Frederick County, would require retail and restaurant chains in Maryland to use combined reporting for corporate income taxes. Combined reporting would require companies with subsidiaries in different states to account for…



from https://www.bizjournals.com/baltimore/news/2019/01/31/maryland-lawmaker-willing-to-take-chance-on.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/182455770227

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