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I-T and Tech Business Latest Tax Proposed to Address Maryland Budget Deficit

Summary by WBOC 16
SALISBURY, Md. - A business-to-business tax may be dead in the water in Annapolis, but a new proposed 3% tax on I-T and other tech businesses and services is drawing the ire of some in the Eastern Shore business community.

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Vice chair of House panel says tech tax drove decision to move business to Virginia

House Economic Matters Vice Chair Brian M. Crosby (D-St. Mary's) said a tech tax will hurt businesses such as his that do federal contracting. Last week, on the same day a budget agreement that included the tax was announced, Crosby moved his business to Virginia. (File photo by Bryan P. Sears)Del. Brian M. Crosby (D-St Mary’s) is vice chair of the House Economic Matters Committee — a panel that handles many business issues — as well as the owne…

·Takoma Park, United States
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I-T and Tech Business Latest Tax Proposed to Address Maryland Budget Deficit

SALISBURY, Md. - A business-to-business tax may be dead in the water in Annapolis, but a new proposed 3% tax on I-T and other tech businesses and services is drawing the ire of some in the Eastern Shore business community.

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New tax on tech to help Maryland budget deficit?

MARYLAND – Maryland Governor Wes Moore and General Assembly leaders have announced a 3% tech tax on small business. This would directly impact IT companies and others in the tech field. This is the latest installment from lawmakers to chip away at the more than $3 billion budget deficit Maryland is facing. Early projections indicate this tax on tech would generate nearly $500 million. “It’s our understanding that this tax is going to be imposed …

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WBOC 16 broke the news in on Tuesday, March 25, 2025.
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