A new sales tax on technology services that aims to raise nearly $500 million in its first year is at the center of a slew of Maryland tax changes set to go into effect on Tuesday. State lawmakers introduced and fast-tracked the 3 percent tax with limited public input in the final weeks of the 90-day session earlier this year in order to help fill a $3.3 billion deficit. Businesses — now universally dependent on software, data and IT services — protested, saying the tax would decimate their finances and risk losing what Governor Moore has identified as a sector for future economic growth and a key to regional competitiveness.
Have questions? For guidance, businesses should consult the Maryland Comptroller’s Office and resource page, including the emergency regulations and technical bulletin at marylandcomptroller.gov.
