Maryland
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November 14, 2017House Tax Plan Offers an Exceptionally Bad Deal for California, New York, New Jersey, and Maryland
An ITEP analysis reveals that four states would see their residents pay more in aggregate federal personal income taxes under the House’s Tax Cuts and Jobs Act. While some individual…
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ITEP Work in Action
August 28, 2017DC Fiscal Policy Institute, Maryland Center on Economic Policy, and The Commonwealth Institute: Triple Whammy: A Regional Sales Tax for Metro, Like Fare Hikes and Service Cuts, Would Fall Hardest on Struggling Families
A strong Metro system is important to all of us in the Washington region. And everyone agrees that the Metro system needs new resources to rebuild its health. But a…
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ITEP Work in Action
August 24, 2017Maryland Center on Economic Policy: Trump Tax Framework Would Give Away Trillions in Tax Breaks to Millionaires
The Trump administration and congressional leaders are gearing up to overhaul the federal tax code this fall. While many of the details remain fuzzy, one thing is clear: the administration’s…
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ITEP Work in Action
May 5, 2017Maryland’s Money Matters: ‘Dreamers’ Make Important Contributions to Maryland
It is unclear, as of now, whether the Trump administration will choose to end protections for young adults who came to the U.S. as children and have legal status through… -
ITEP Work in Action
January 10, 2017Maryland Center for Economic Policy:To Support a Strong Economy, All Marylanders Must Pay Their Fair Share in Taxes
Maryland’s success today is due to our past public investment in good schools, a strong transportation system and other building blocks of a prosperous economy. As another “tax day”… -
ITEP Work in Action
March 12, 2015Maryland Center on Economic Policy: Corporate Tax Cut Would Harm Maryland’s Economic Growth
“Reducing the corporate income tax in Maryland would also worsen he situation under which a small share of the state’s households have seen big gains in income over recent years…
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ITEP Work in Action
January 16, 2015Maryland Center on Economic Policy: Low-Earners Paying More in Taxes than the Well-Off in Maryland
Those earning the most in Maryland pay the lowest share of their income in state and local taxes, at just 6.7 percent, according to the Institute on Taxation and Economic… -
ITEP Work in Action
July 31, 2014Maryland Center on Economic Policy: Recent EITC Expansion in MD will Make Taxes More Fair, Reduce Inequality
Working Marylanders with the lowest earnings will pay slightly less of their income in taxes — 9.9 percent compared to 10.1 percent now – once the expansion of the state’s… -
ITEP Work in Action
April 28, 2014Maryland Center on Economic Policy: Tax Day: What Do We Pay For, and Who Pays?
Tax Day is a good day to remind ourselves that taxes allow our state to make investments that benefit our economy and all Maryland’s residents, and that we must continue…
Related Resources
ITEP Publications about Maryland
Reports about Maryland using ITEP data
All items referencing Maryland
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 2.0% - 5.75% |
| Standard Deduction |
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| Personal Exemption | $3,200 |
| Dependent Exemption | $3,200 |
| Earned Income Tax Credit (EITC) | 25.5% Refundable / 50% Nonrefundable (Refundable portion rising to 28% in 2018) |
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| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | Offers low-income credit designed to offset personal income taxes |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 8.25% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 0% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 6.00% |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | 6.00% |
| State Sales Tax Treatment of Groceries | Exempt |
| Local Sales Tax Treatment of Groceries | N/A |
| Number of Services Taxed | 39 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.274 |
| Diesel Tax Rate (per gallon) | $0.2775 |
| Cigarette Tax Rate (per pack) | $2.00 |
| Estate or Inheritance Tax | Yes |
| Net Lottery Sales Per Capita | $276 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Comptroller of Maryland - Detailed Revenue Reports
- Maryland Department of Assessments & Taxation - Statistics
- Maryland Department of Budget & Management - Office of Budget Analysis
- Maryland's Revenue Structure (2010)
- Maryland General Assembly - Department of Legislative Services
- Maryland General Assembly - Fiscal Briefings, Reports, & Analyses
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
- Maryland Office of the Comptroller - Individual Tax Forms
- Maryland Office of the Comptroller - Business Tax Forms