More good news: There is a chance that combined reporting could be tabled for further study if Senate Bill 2 makes it through conference committee. However, if the reporting requirements stay as written, businesses would have a hard time complying with the overly broad and far-reaching provisions.
We also believe a CPA (from the MACPA) should be on the proposed Maryland Business Tax Reform Commission. We have written a letter supporting the proposed amendments to the Senate Budget and Tax Committee and the House Ways and Means Committee.
This is the last chance to influence this legislation before it goes into conference committee. If you are concerned about combined reporting and / or the onerous reporting requirements in this package, let your representatives hear from you.
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