An unfair tax exemption in Maryland
Montgomery County’s projected $300 million budget shortfall [“Leggett orders cuts in spending,” Metro, Dec. 3] will make for difficult choices. We in Montgomery must minimize cuts that will harm the neediest populations, and we must also seek new revenue sources.
I willingly pay personal property taxes on my small business’s computers, furniture and equipment, yet Maryland financial institutions enjoy a decades-old, statewide exemption from these same taxes, to the detriment of counties and cities throughout the state. Del. Sheila E. Hixson (D-Montgomery), chair of the Maryland House of Delegates’ Ways and Means Committee, has said ending the exemption could “be an area where legislation may be helpful.”
Seth Grimes, Takoma Park
| December 13, 2010; 9:43 PM ET
Categories: Maryland, Montgomery County
Save & Share: Previous: White Flint: Another giveaway to developers
Next: Why D.C. shouldn't cut child-care subsidies
Posted by: LarrySilverman | December 14, 2010 10:46 AM | Report abuse
The comments to this entry are closed.