2016 Maryland Tax Legislation: What Passed, What Didn’t

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The 2016 legislative session in Maryland saw the enactment of several noteworthy pieces of tax legislation that will change aspects of compliance for businesses, offer new tax savings opportunities, and provide more transparency for taxpayers regarding the Comptroller’s interpretation of the state’s tax laws and regulations.

In the area of compliance, Maryland employers are now required to provide W-2 withholding statements to employees and to the state by January 31, which is a month earlier than in previous years (SB 185/HB 1333). Additionally, corporate income tax return due dates now conform to the federal due date changes, and will …read more

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