Technology Tax
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Technology Tax
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Episode #3: Maryland's Technology Tax – Who Really Pays the Price?
Maryland's new 3% tax on information technology and data services has been promoted as a way to generate revenue and help address the state's growing budget challenges. But what does it actually mean for taxpayers, small businesses, nonprofits, and Maryland's long-term economic competitiveness?
In this episode of Maryland Economy, Sonya Dunn takes a closer look at Maryland's technology tax and explores the real-world implications often missing from the political talking points. From tax pyramiding and the taxation of business inputs to the potential impact on consumers, innovation, and job growth, this discussion examines who ultimately bears the cost of the tax.
Segments
- What is the Technology Tax?
- What is Unique About the Tax?
- Who Really Pays the tax?
- The Promise
- The Reality
- The Economic Concerns
- Should the Tax Be Repealed?
- The Bigger Issue
Maryland Economy is hosted by Sonya Dunn and explores the policies, fiscal decisions, and economic trends shaping Maryland's future—because informed taxpayers make stronger communities.
Authorized by Sonya Dunn for Maryland, Brittney M. Garrett, Treasurer