- Maryland House Bill 1515 aims to expand the state’s sales tax base
- The bill proposes reducing the sales tax rate from 6% to 5%
- It also seeks to apply sales tax to more categories of professional services
- Other changes include adjusting tax rates on vending machine sales, alcohol beverages, and dyed diesel fuel
- Certain services like education and healthcare would remain exempt from sales tax
- The bill is seen as a response to budget shortfalls and persistent inflation in the services sector
- Maryland legislators are aware of the fiscal risks posed by a shrinking sales tax rate base
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
