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County leaders call on lawmakers to pass billion-dollar tax loophole package

March 8, 2024

Several county leaders called on state lawmakers Wednesday to ignore special interests and campaign donors and pass a proposal that would raise $1.6 billion in new tax revenue. A coalition of more than two dozen groups and progressive lawmakers want to implement combined reporting for corporations doing business in Maryland, which treats a parent corporation and its subsidiaries as one corporation for state income tax purposes.

Article Source: Maryland Matters

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