Combined Reporting is Bad for Maryland: Urge Your Legislators to Vote NO on SB 576/HB 46

New legislation is currently being considered that will make Maryland less competitive for businesses. If passed, SB 576/HB 46 would require corporations to compute their taxes using the combined reporting method – a highly complex system of determining taxable income among all states in which a corporation does business.

Combine Reporting will:

• Raise taxes for businesses
• Put Maryland at a competitive disadvantage with neighboring states like Virginia, Pennsylvania, and Delaware – states that have not imposed combined reporting taxes
• Make it difficult for the state to attract new businesses and investment, and work against efforts to create a growing, thriving economy