Comptroller: Federal Tax Law Changes, Decoupling and SALT Shift State Revenue Timing and Forecasts
Maryland Comptroller Brooke Lierman and revenue analysts told the Ways and Means Committee that the office temporarily decoupled from certain federal changes for tax year 2025, blunting an estimated near-term revenue hit while longer-term effects on corporate income tax remain uncertain.
The full story
Maryland Comptroller Brooke Lierman and the Bureau of Revenue Estimates briefed the Ways and Means Committee on the fiscal effects of recent federal tax legislation, the office's statutory duties under Tax-General §10-108 and implications for the state budget.
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