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
Latest Posts in "United States"
- Understanding Utility Sales Tax Exemptions: Are Your Business Utilities Tax-Exempt?
- Are Shipping Charges Subject to Sales Tax in South Carolina?
- Are Shipping Charges Subject to Sales Tax in Missouri?
- Is Shipping Taxable in Maine? Rules for Sales Tax on Shipping and Handling
- Are Shipping Charges Subject to Tax in Hawaii? Understanding Hawaii’s General Excise Tax Rules
