1/20/2009

The upcoming Maryland legislative session will be pivotal for small businesses because the state has to find revenue and cutbacks to offset a projected $1.9 billion deficit. Last year, officials discussed possibly expanding the sales tax to other services, imposing a gross receipts tax on business revenues and increasing the corporate income tax. While the mood is anti-tax now, that could change if the state government's revenue continues to decline this year, says Ellen Valentino, NFIB/Maryland.

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