Annapolis, MD - March 10, 2025 - Questions are mounting about the state's management and the governor’s leadership as Maryland faces a historic budget deficit that ballooned to $3.3 billion, alongside substantial proposed tax and fee increases.
A last-minute business service tax bill introduced earlier this week in the Maryland General Assembly has Tyrone Keys, a financial services and real estate expert, preparing for a potential 2.5% tax hike.
Maryland definitely has a management issue,” Keys said. “They refuse to entertain options that would bring in revenue over the long term, and that would look to attract businesses, families, individuals into this state to start paying into the existing tax base.”
Referred to as the ‘business-to-business’ tax, the initiative could tax essential business services that rely on other companies for performance, such as marketing, financial planning, tax preparation, information technology, and labor services.... Read More: FOX45