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Hogan, business groups favor small business property tax break

By Rebecca LessnerFor the MarylandReporter.com

Part of Gov. Larry Hogan’s promise to make Maryland “open for business” is a bill exempting many small businesses from the personal property tax collected by the counties.

The exemption would be given to businesses with less than a $10,000 property value, on items such as equipment, furniture, computers, tools and inventory. It applies to more than half of Maryland’s small businesses and will result in an estimated $7 million in tax relief.

“This is a first step in providing relief to small businesses,” said Chris Carroll, Hogan’s deputy legislative officer at a House Ways and Means Committee hearing Friday.

– See more at: http://marylandreporter.com/2015/03/01/hogan-business-groups-favor-small-business-property-tax-break/#sthash.cI7A9oZc.dpuf


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