COVID-19 impacted individuals, small businesses and governments alike. The State of Maryland has been proactive in passing legislation aimed to assist Marylanders and boost revenues. On February 15, Gov. Larry Hogan signed into law a COVID-19 relief package, the RELIEF Act of 2021, that provides more than $1 billion in tax relief and economic aid to Maryland residents and small businesses. On February 12, 2021, Maryland became the first state to enact a tax on digital advertising services. The law imposes a progressive tax on digital advertising service providers’ gross revenue derived from Maryland. Also on February 12, 2021, Maryland expanded the sales and use tax to sales of digital products. Join Jay Maschas (Comptroller of Maryland) and Karen Syrylo, CPA as they updates us on tax issues related to the Digital Advertising Gross Revenues Tax, the 21st–Century Economy Fairness Act and RELIEF Act of 2021, including the pass-through entity level tax and small business relief.
Please use this Conferences IO link to submit your questions in advance to have them addressed during the presentation on the 19th. We will only be taking questions in advance until Tuesday, May 18 in order to give the presenters time to sufficient time to research your question.