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Sales Tax Hike In Maryland Reported by: Angelique Gonzalez
Monday, Nov 12, 2007 @08:03am EST
NBC25 - Your next purchase in Maryland could cost you a little more soon.
The Maryland House of Delegates has approved a bill that raises the state's sales tax from five to six percent. The House has also passed tax bill that changes Maryland's income tax structure.
The tax package is expected to raise about $1.4 billion dollars, with about $1 billion dollars going towards the state's budget deficit and roughly $450 million towards transportation projects.
The tax measures still have to be worked out with in conference committees with the Senate.
Monday, Nov 12, 2007 @08:03am EST
NBC25 - Your next purchase in Maryland could cost you a little more soon.
The Maryland House of Delegates has approved a bill that raises the state's sales tax from five to six percent. The House has also passed tax bill that changes Maryland's income tax structure.
The tax package is expected to raise about $1.4 billion dollars, with about $1 billion dollars going towards the state's budget deficit and roughly $450 million towards transportation projects.
The tax measures still have to be worked out with in conference committees with the Senate.
so.... think any of this money will actually go towards what it is "intended" for?
