Maryland Legislature Repeals Computer Services Tax

 

 

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April 21, 2008

TO: ADVISER DISTRIBUTOR TAX ISSUES TASK FORCE No. 6-08
TAX MEMBERS No. 11-08     RE: MARYLAND LEGISLATURE REPEALS COMPUTER SERVICES TAX

 

Maryland Governor Martin O’ Malley has signed into law SB 46, which repeals Maryland’s six percent tax on computer services that was scheduled to become effective beginning on July 1, 2008.  The computer services tax is replaced by a higher personal income tax rate of 6.25% (the top marginal rate previously was 5.5%) imposed on income exceeding one million for tax years 2008-2010. 

 

Go to http://mlis.state.md.us/2008rs/billfile/sb0046.htm to read the legislation.  Go to http://www.gov.state.md.us/pressreleases/080408.asp to read the Governor’s press release.

 

Lisa Robinson
Associate Counsel