Maryland Audit, Tax and Consulting

Maryland Insights

State tax law changes for the second quarter of 2021

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.

Maryland delays digital ad tax; provides digital goods clarification

The first-in-the-nation digital advertising tax is postponed for one year until 2022 while the state prepares regulations and guidance.

Maryland becomes first state in the nation to tax digital advertising

First-of-its-kind gross receipts tax imposed on businesses deriving revenue of at least $1 million from digital advertising in Maryland.

Maryland enacts data center sales tax exemption

Effective July 1, Maryland has exempted from sales and use tax the sale of certain personal property to qualified data centers.

Maryland pass-through entity SALT deduction workaround becomes law

The elective tax is intended as a state and local tax deduction limitation workaround, joining six other states with similar provisions.

Maryland enacts single-sales factor apportionment

Maryland continues single-sales factor apportionment adoption trend; includes five-year phase-in beginning with the 2018 tax year.

Maryland enacts favorable tax incentives for manufacturers

Incentives package focuses on various income, property, and sales and use tax incentives for manufacturers adding jobs in the state.

Maryland Tax Court applies enterprise dependence nexus test

Maryland Tax Court finds corporation had nexus in the state because “enterprise dependence” existed with in-state subsidiaries.

Keep an eye on state tax amnesties in Maryland, Missouri and Indiana

Maryland, Missouri and Indiana enact a new round of broadly applicable state tax amnesty programs.

US Supreme Court issues Wynne ruling

The U.S. Supreme Court has ruled that the Commerce Clause requires a state to provide residents a credit for taxes paid to other states.