Maryland House Bill 67 proposes to temporarily reduce the state sales and use tax rate by 1% for 12 months, if on or before June 1st each year the Comptroller determines that the inflation rate is at least 6%. Introduced in the January 2023 legislative session and as currently drafted, the bill would take effect from the date of passage if approved by 3/5 of all members in each legislative house.
Source: SOVOS
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