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Delegate Lily Qi urges exemption of municipal business personal property tax for manufacturers in HB 168
Summary
Delegate Lily Qi told the Ways and Means Committee HB 168 would exempt business personal property taxes on manufacturing equipment and inventory for businesses located in municipalities, aiming to create parity across Maryland and ease capital burdens for small manufacturers.
Delegate Lily Qi, Delegate (sponsor) told the House Ways and Means Committee on Feb. 18 that House Bill 168 would exempt business personal property (BPP) tax for manufacturing equipment and inventory for businesses located inside municipalities.
Nut graf: Qi said the measure aims to remove a municipal-level tax burden that she said is applied unevenly across Maryland towns, and to encourage small and medium manufacturers to expand or locate without uncertainty created by…
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