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Maryland budget nears finish line with new 3% sales tax on data, IT services

Summary by The Baltimore Sun
Maryland lawmakers and Gov. Wes Moore are on track this week to pass a final state budget plan that — after months of back-and-forth negotiations — will hinge on a nearly $500-million new tax that was fast-tracked and will hit one of the state’s top priorities for economic growth. The 3% sales tax on data, information technology and software publishing is at the center of Democratic leaders’ tax reform plan, which, in addition to more than $2 bi…

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Maryland budget nears finish line with new 3% sales tax on data, IT services

Maryland lawmakers and Gov. Wes Moore are on track this week to pass a final state budget plan that — after months of back-and-forth negotiations — will hinge on a nearly $500-million new tax that was fast-tracked and will hit one of the state’s top priorities for economic growth. The 3% sales tax on data, information technology and software publishing is at the center of Democratic leaders’ tax reform plan, which, in addition to more than $2 bi…

·Baltimore, United States
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The TideThe Tide

Maryland announces new state budget for FY 2026

On March 20, Democratic Governor Wes Moore and the Maryland General Assembly announced the framework for the Fiscal Year 2026 state budget, including both tax increases and spending cuts in order to address Maryland’s $3.3 billion deficit. The budget for this fiscal year, from July 1 2025 to June 30 2026, is set to have $2.3 billion in spending cuts, the largest the state has had in 16 years.  Governor Moore emphasized the importance of these sp…

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The Baltimore Sun broke the news in Baltimore, United States on Tuesday, April 1, 2025.
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