The Department of Legislative Services recently released its 90 Day Report providing a summary of the major issues of the 2024 General Assembly session and an overview of what passed and what did not. The 90 Day Report is divided into 12 parts, each dealing with a major policy area. Each part contains a discussion of the majority [...]
Courtesy: Governor's Office Governor Wes Moore presided over the first bill signing ceremony of 2024 yesterday, where he signed into law the Maryland Protecting Opportunities and Regional Trade (PORT) Act. The bipartisan legislation supports businesses and workers who have been affected by the collapse of the Francis Scott Key Bridge. The law will [...]
The Baltimore Ravens and Baltimore Orioles have together donated $10 million to the Baltimore Community Foundation's Maryland Tough Baltimore Strong Key Bridge Fund. Each organization contributed $5 million, respectively. "Our heartfelt condolences are with the victims of this tragedy and their families," Ravens owner Steve Bisciotti stated. "We are thankful to our first responders for [...]
Manis Canning & Associates (MCA) is extremely proud to celebrate its 50th year of advocacy in Annapolis! We are excited to share pictures depicting the early history and memories of MCA.
As the General Assembly session moves into its final two weeks, the House and Senate must hash out the differences in their spending plans. The Senate, who approved its $63.1 billion version of the budget two weeks ago, used larger than expected capital gains taxes to offset the recent revenue write down, covered a $236 [...]
The Senate Budget and Taxation Committee completed its work on a $63.1 billion budget last Friday approving budget decisions of its subcommittees and those before the full committee. Debate on the spending plan will begin tomorrow to be finalized this week and sent over to the House Appropriations Committee for consideration. The spending plan makes [...]
To relieve budget pressures and address structural shortfalls that are projected to grow to approximately $3 billion by fiscal year 2029, legislators have introduced SB 766 (HB 1007) to implement combined reporting for corporations doing business in Maryland. Other tax revenue generating changes in the bill include - raising taxes on people whose income is [...]
On Thursday the Board of Revenue Estimates revised its fiscal 2024 and 2025 estimates to reflect a $120 million and $134.9 million negative change in estimated tax revenues. Slowing withholding collections is the cause of reductions in the personal income tax forecast. Additionally, fiscal 2024 sales tax estimates were revised down by $34.7 million. There [...]
Governor Moore recently announced the Moore-Miller Administration's 2024 Maryland General Assembly’s legislative agenda. This 16-bill package focuses on making Maryland safer, more affordable, more competitive, and making Maryland the state that serves. The Moore-Miller Administration included three bills focusing specifically on Public Safety. The Victim Compensation Reform Act, SB 471, would provide quicker access to [...]
Amid large state fiscal challenges, progressive groups and lawmakers are hoping to pass a variety of tax reforms. Once fully phased in, the yet-to-be introduced bill would raise $1.6 billion for the state general fund annually which could potentially offset the large projected budget deficits. Additionally, this increased tax revenue could pay for tax credits [...]
