Comptroller Peter Franchot

January 12, 2021 | Andrea Sarralde

Hogan Propone Pagos Directos como Parte del Nuevo Paquete de Ayuda de Mil Millones

El gobernador Larry Hogan presentó el lunes un paquete de estímulo de mil millones de dólares que incluye pagos directos a los residentes de Maryland que califiquen. La Ley de Recuperación para la Economía, Medios de Vida, Industrias, Empresarios y Familias (RELIEF) debe ser aprobada por la legislatura estatal antes de que entre en vigencia. […]

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January 11, 2021 | Maryam Shahzad

Hogan Proposes Direct Stimulus Payments as Part of New $1 Billion Relief Package

Gov. Larry Hogan introduced a $1 billion stimulus and tax relief package Monday that includes direct stimulus payments to qualifying Marylanders. The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families (RELIEF) Act must be passed by the state legislature before it can take effect. The 2021 legislative session begins Wednesday, and Hogan said he […]

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December 16, 2020 | Jordan Lindsay

Comptroller Wants Reserved Funds Dedicated to Low Wage Earners, Small Businesses

In a virtual meeting on Dec. 11, the Maryland Board of Revenue Estimates voted to increase the revenue projections for Fiscal Year 2021 by 0.3 percent to $18.8 billion – a $64 million increase from the September estimates. Although the figures seem like a positive sign, state officials say they also reflect that Maryland’s lowest […]

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October 21, 2020 | Jordan Lindsay

Two Local College Students Win Scholarship for Helping Businesses During Pandemic

College students from across the state applied for the Shop Maryland-Tax Free Week Scholarship. Participants were asked to explain how they helped businesses survive during the COVID-19 pandemic. The two statewide winners are from Montgomery County. They were recognized by the Maryland Retailers Association and Comptroller Peter Franchot during a virtual presentation on Friday. Mirian Fuentes […]

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September 11, 2020 | Jordan Lindsay

Franchot: $585 Million Fund Balance Should Go Towards Rescuing Small Businesses

Maryland Comptroller Peter Franchot announced on Wednesday that the state closed its books on Fiscal Year 2020 with a $585.8 million General Fund balance. Franchot is urging policymakers to dedicate the entire fund balance to rescue Maryland’s small businesses amid the COVID-19 health crisis. “These small businesses will simply not survive this economic devastation in the absence […]

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August 25, 2020 | Jordan Lindsay

Comptroller’s Office Providing Virtual Highlights From Maryland State Fair

Although this year’s Maryland State Fair is closed to the public due to the COVID-19 health crisis, there will be limited livestock shows for the youth and open livestock exhibitors only according to state officials. Comptroller Peter Franchot’s office will share virtual highlights from the fair with live updates and more. Comptroller Franchot’s Unclaimed Property unit […]

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August 7, 2020 | Andrea Sarralde

La Semana Libre de Impuestos de Maryland Comienza el 9 de Agosto

Los compradores de Maryland que deseen ahorrar algo de dinero extra pueden comprar ropa, útiles escolares y calzado libres de impuestos, a partir del 9 de agosto. Hasta el 15 de agosto, los artículos de ropa y calzado con un precio de $ 100 o menos estarán exentos del impuesto estatal sobre las ventas. Los […]

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August 7, 2020 | Samantha Subin

Maryland Tax-Free Week Begins Aug. 9

Maryland shoppers looking to save some extra cash can shop tax free on clothing, school supplies and footwear beginning Aug. 9. Through Aug. 15, clothing and footwear items priced at $100 or less will be exempt from state sales tax. The first $40 of any backpack purchase will also qualify for the exemption. “This is […]

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July 15, 2020 | Jordan Lindsay

Franchot Offers Last Minute Tips for Wednesday’s Tax Deadline

The July 15 tax deadline for federal, state, and local taxes is here. After a three month delay due to the COVID-19 pandemic, more than 600,000 Marylanders are expected to file tax returns by Wednesday’s deadline.  Comptroller of Maryland Peter Franchot says residents can request an extension to file tax returns by October 15. Taxpayers are encouraged […]

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July 8, 2020 | Jordan Lindsay

For Tax Filing Procrastinators, Deadline Quickly Approaching

Remember when you had all that extra time – three whole months to be exact – to do your taxes? Well now you’ve only got one week left. State and federal tax deadlines are approaching on July 15. Due to the COVID-19 pandemic, income tax payment deadlines were extended from April 15 to July 15. […]

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