Maryland Levies 6 % IT Services TaxBy Baselinemag | Posted 2007-11-20 Email Print
Maryland Levies 6% IT Services Tax
The cost of IT services in Maryland is going up at least 6 percent in 2009 when a new state tax goes into effect. Lawmakers in Baltimore passed a bill to levy the tax on IT facilities management and operation; custom computer programming; systems integrators; systems consultants; computer disaster recovery services; and hardware or software installation, maintenance and repair. Internet access, computer training, telecommunications, banking services and business management are exempt. The state expects the tax to raise more than $300 million annually and help close a $1.7 billion budget gap. IT services companies and industry groups are denouncing the tax, saying it will cause Maryland companies to outsource their IT needs to neighboring states or foreign markets.
Read the full story at Channel Insider: http://www.channelinsider.com/article/219915_1.aspx