Client Alert: New Maryland Sales Tax on IT Services, Capital Gains and More
By EsqSocial Corporation 16/04/25
Just before the close of the 446th legislative session, the Maryland General Assembly passed and sent to Governor Moore HB 352/SB 321, the Budget Reconciliation and Financing Act of 2025 (the “BRFA”). The BRFA, which Gov. Moore is expected to sign, makes significant changes to Maryland’s tax laws, including, among various other changes, expanding the sales tax base, adding new tax brackets to the Maryland income tax, and adding a new tax on capital gains. These changes, in addition to others...
By: Whiteford