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Franchot Pushes For State Income Tax Credit To Incentivize Donations To Ukraine

March 4, 2022

Maryland Comptroller Peter Franchot on Thursday urged the state’s General Assembly to pass emergency legislation to make a state income tax credit that would incentivize donations from residents and businesses to Ukraine. In a letter to Maryland Senate President Bill Ferguson and House Speaker Adrienne Jones, Franchot the state is in a “sound fiscal position” to provide an income tax credit because of the state’s historic $4.5 billion budget surplus.

Article Source: WJZ

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