Stephanie Lipinski Galland

Maryland Gov. Wes Moore recently signed the $67 billion state budget for 2026 (HB 352) that will make significant changes to the state’s tax system. Among other changes, the budget bill notably establishes a new tax on IT services; imposes a surtax on capital gains; and increases the sales and use tax rate on cannabis. Here is how these key tax provisions might impact individuals, businesses and consumers. IT Services Tax (HB 352, Section 9, amending Md. Code Ann., Tax-Gen. § 11-104) The bill establishes

The Commonwealth of Massachusetts will offer a limited tax amnesty for certain “eligible taxpayers” from Nov. 1 through Dec. 30. “Eligible taxpayers” can forward and bring their tax liabilities up to date and receive a penalty abatement. This group includes businesses, individuals, trusts and estates. Taxpayers that are currently in resolution with the Massachusetts Department of Revenue have pending cases or open collection cases will qualify for amnesty along with taxpayers that have unfiled returns or underreported returns.  Amnesty claims must be

As the Virginia General Assembly’s session nears its conclusion, lawmakers continue to revise the two-year state budget that may create significant alterations to the state’s current taxing scheme, particularly in the areas of sales and use tax. Background Virginia institutes two forms of sales and use tax: the Retail Sales and Use Tax that is historically limited to sales of tangible personal property and a handful of enumerated services at a rate of 5.3%; and the Communications Sales and Use Tax that is