Tax Cuts and Jobs

Maryland’s 436th Legislative Session

As the 2016 Legislative Session Convenes, Wednesday January 13th, I will once again head to Annapolis to represent you and give consideration to thousands of bills covering a wide range of topics.  My goal is to keep you informed about the legislation that will affect you.

I believe Marylanders have suffered from too much government involvement.  Increased government spending has led to higher taxes, causing business to close, which results in increased unemployment.  It is a vicious cycle that we can reverse!  I believe the solution is to control the rate of government spending in order to give us the ability to cut taxes on businesses and hardworking people, resulting in business being able to expand and hire more employees thereby creating more opportunity for the people that call Maryland home.

I have always said that cutting taxes and incentive's work and business investment is the key to increasing economic activity.  I am happy Governor Hogan believes the same.  On Tuesday, the Governor proposed a huge tax cut for families and businesses as well as incentives to increase manufacturing. 

Tax Cut for Families

Working Families

  • The administration’s second proposal will help 170,000 Maryland families across the state by accelerating the increase of the state refundable Earned Income Tax Credit.
  • Under this proposal, all Maryland families earning less than $53,000 per year will save a cumulative $27 million over the next two years.

Tax Cut for Business

Protecting Small Businesses – Filing Fee Reduction 

  • To enhance Maryland’s business climate, the Hogan administration will propose a reduction in the current $300 business filing fee paid annually to the State Department of Assessments and Taxation, by $50 a year for four years.  
  • This proposal will benefit approximately 300,000 businesses, and will have a disproportionate impact on small businesses, eventually returning $164 million to taxpayers over the next 5 years.

 Manufacturing Jobs Initiative

  • In response to the decline in manufacturing in Maryland in recent years, and to boost employment in regions hardest hit by the departure of manufacturing jobs, Governor Hogan will introduce new legislation designed to make Maryland a more attractive place for manufacturers to locate new factories.
  •  This legislation will eliminate the state corporate income tax for a period of 10 years on new manufacturers in areas designated as Empowerment Zones, or where unemployment is highest.
  • Under the Manufacturing Jobs Initiative, individuals employed in Empowerment Zones in new manufacturing operations in Maryland and who earn less than $65,000 per year will pay no state income taxes. 

Much like the local job creation legislation we are advocating this year for St. Mary’s County- a company that moves or expands a certain number of positions would receive a tax exemption from state taxes for up to 10 years and an exemption for their employees making under $65,000. 

If you have any questions about legislation or concerns please email me at: Matt.Morgan@House.State.MD.US or give our office a ring at 301-858-3170

Have a great weekend,

Matt Morgan
State Delegate 29A

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August 27, 2017
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Annapolis Office:
Delegate Matt Morgan
House of Delegates
6 Bladen Street, Office 317
Annapolis, Maryland 21401
1-800-492-7122, ext. 3170 (toll free)

Local Mailing Address:
Delegate Matt Morgan
PO Box 136
Charlotte Hall, MD 20622