This is another example of legislators trying to raise taxes on business without individual taxpayers really understanding the impact. This is one we are always watching for, and it is no surprise it came up again. See our position paper we handed out on CPA Day by clicking here.
House Bill 448 would impose sales taxes on CPA services, including tax and management consulting. The real issues for our CPAs in practice are the following:
Our members in business and industry will see increases in all professional services that are taxed and be forced to absorb those costs or pass them along to Maryland consumers. They will also feel the pain of paying a tax on services they need to comply with state and federal laws.
The bill will be heard by the House Ways & Means Committee on March 14, 2007 at 1 p.m. We will have a panel of experts testifying against this proposal.
The chair of our Legislative Executive Committee, Allen DeLeon of DeLeon & Stang; the chair of our State Tax Committee, Ed Ben of Stout Causey & Horning; and business and industry member Fred Mertes of Newborn Caulk Guns will testify on behalf of the MACPA and our members.
Download our letter of opposition here.
You can help us by writing and contacting members of the House Ways & Means Committee to voice your opposition to HB 448. See our legislative / regulatory resource center for more information.