?? Maryland Businesses—Pay Attention! ?? A new 2.5% tax (HB 1554/SB 1045) on essential business services—like accounting, IT support, and payroll—could soon impact your bottom line. Once introduced, these taxes often expand over time, hitting more industries at higher rates. ??? Key Hearings: ?? HB 1554 – March 12 at 1:00 PM ?? SB 1045 – March 12 at 3:00 PM ?? Testify & Take Action: Sign-ups open Monday, March 10 (8 AM – 6 PM). Virtual testimony is available. ?? Make your voice heard! Learn more and get involved ?? [t.ly/KjgAq] #MarylandBusiness #PolicyAlert #BusinessTaxes #Advocacy
Lawmakers will soon hear a new ?? 2.5% tax (HB 1554/SB 1045) on essential business services you use daily, including accounting, IT support, payroll and much more. This isn't just another piece of legislation, it's a direct hit to your bottom line and Maryland's business competitiveness. Once established, these taxes have a tendency to expand. Today's 2.5% on select services could become tomorrow's higher rate across a greater number of service sectors. ???The hearing for HB 1554 is scheduled Wednesday, March 12 at 1:00 p.m; Hearing for SB 1045 is March 12 at 3:00 p.m. Testimony sign-ups for both hearings, including the option to testify virtually, will be accepted from 8:00 a.m.–6:00 p.m. on Monday, March 10. Make your voice heard. Get involved now ?? t.ly/KjgAq