ANNAPOLIS – A state-appointed commission is scheduled to vote on recommendations for changing Maryland’s business tax structure on Tuesday, as lawmakers prepare to take on a $1.6 billion budget shortfall in the upcoming legislative session.
The commission, which has been meeting for about two years, has lately shown serious interest in requiring combined reporting for businesses that don’t operate solely in Maryland. Combined reporting would require those businesses to pay a portion of their combined profits to Maryland, based on how much property, payroll and revenues were reported in the state.
The commission’s report on recommended changes is due to Gov. Martin O’Malley on Dec. 15.
