Tax & Accounting Blog

Maryland’s Sales Tax Holiday is Back

Maryland’s Sales Tax Holiday is Back

Beginning 12 August 2012, select items of clothing and pairs of shoes costing $100 or less will be exempt from Maryland’s 6 percent sales tax. The items will remain exempt through 18 August 2012.  The 3-year-old measure is intended to coincide with back to school shoppers preparing for next school year.   http://www.somdnews.com/article/20120810/NEWS/708109703/1075/sales-tax-holiday-returns-next-week&template=southernMarylandRead More

Georgia Transportation Tax Majorly Defeated

Georgia Transportation Tax Majorly Defeated

 Despite having the support of the Governor, Atlanta Mayor, and both chambers of commerce, the long proposed Transportation Special Purpose Local Option Sales Tax (T-SPLOST) was heavily rejected by all but three of the twelve specialty regions in a primary election.  In those three regions, residents will see an increase in their tax rates to … Read More