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Augustine panel urges Maryland corporate income tax cut

A commission established by Democratic leaders in the Maryland General Assembly is recommending significant changes to the state’s tax structure, including cuts to the corporate income tax and other levies affecting companies.

A draft of the panel’s final report, obtained by The Baltimore Sun, shows that the group headed by former Lockheed Martin chief Norman R. Augustine will call for cutting the corporate income tax from 8.25 percent to 7 percent over three years.

Read full article here from Baltimore Sun

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