Good news for Maryland businesses: State lawmakers are on the verge of amending some of the most onerous corporate reporting requirements in the nation.
Karen Syrylo, a member of the MACPA’s State Tax Committee, reports that the House of Delegates and the Senate have each passed a bill that would reduce the worst elements of corporate reporting requirements that were enacted during a special legislative session last fall.
The bills — House Bill 664 and Senate Bill 444 — call for a long list of changes to the reporting requirements. Read a list of the changes here.
The good news doesn’t end there.