About the Post

Author Information

Supreme Court: Md. has double taxed some income

Maryland overtaxed a portion of out-of-state income earned by its residents, and must now refund hundreds of millions of dollars, the Supreme Court ruled Monday in a decision that could have a significant impact on city and county budgets.

In the 5-4 ruling, the court found that the way the state taxes income earned beyond its borders is unconstitutional, because it discourages interstate commerce. The decision upheld a 2013 ruling by the Maryland Court of Appeals.

The decision could lead to refunds for an estimated 55,000 taxpayers in Maryland, and affect similar laws in New York, Pennsylvania, Indiana and Ohio.

Read full article here from The Baltimore Sun


No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: