Md. bill reimbursing business property taxes would be costly
A Maryland lawmaker is vying for the state to reimburse personal property taxes to businesses reeling from the pandemic, though the refund could cost the state an estimated $365 million. Last year, Maryland businesses paid an average of $2,860 in these property taxes, which include physical assets that businesses need to operate â like refrigerators at restaurants and swivel chairs at barber shops. More than 126,000 Maryland businesses filed a personal property tax return in 2020, accordin...
Source: cecildaily.com