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Md. Analysts Present Sales Tax Extension Options

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MONEY GENERIC

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ANNAPOLIS, Md. (AP) — Maryland analysts are presenting revenue estimates that an extension of the sales tax to various services would generate.

Revenues that would be raised by either a 2 percent sales tax or a 6 percent sales tax to 16 different services were outlined to lawmakers on the state’s Senate Budget and Taxation Committee on Tuesday.

Engineering services, employment placing agencies, cable television, health and fitness centers, golf courses and taxis were some of the services mentioned.

Lawmakers on the panel are underscoring that none of the sales tax extensions is under active consideration at this time.

Kathleen Snyder, president of the Maryland Chamber of Commerce, says lawmakers should be mindful of how much the taxes would put the state at a competitive disadvantage with other states and cause job loss.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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