“It is much more important to kill bad bills than to pass good ones.” — Calvin Coolidge
Monday was the 12th time I’ve been in Annapolis at midnight as the balloons and confetti flew in the state Senate and House chambers to mark the end of the General Assembly’s legislative session, known as “Sine Die.”
We did not have any major legislation on the line this time, and it was a pretty calm atmosphere in Annapolis. “I don’t know of any session I can remember in my lifetime where any governor got this much done with a legislature,” Gov. Larry Hogan said during a press conference, “and we happen to be a different party. We’ve worked together in a bipartisan way.”
As for CPAs, here is our final report. We started the session with these five priorities from CPA Day in Annapolis:
And we didn’t stop there. A 30-year record of 3,118 pieces of legislation were introduced during the past 90 days! As Calvin Coolidge said, we were watching for those “bad bills” that might have had consequences for our profession. All in all, we wrote letters and testified on almost 50 pieces of legislation.
Here are the highlights:
Taxes, taxes and more taxes: The governor and General Assembly reached out to us to advise them on dozens of proposals to adjust Maryland taxes in light of the federal Tax Cuts and Jobs Act of 2017. Our state tax committee was on it from the minute the comptroller introduced his 60-day report at CPA Day.
Look for complete updates at our spring Town Hall meetings (and free CPE), and sign up now for CPA Day in Annapolis on Jan. 24, 2019.