Maryland Chamber Vice President of Government Affairs Ron Wineholt testified earlier today in opposition to the proposed state real property tax rate reduction because it will require at least $224 million in other new taxes to be raised in order to fund the property tax rate cut

“While everyone enjoys a property tax rate cut, including businesses, it is neither justified nor fiscally responsible,” Wineholt said. “All available data (Census Bureau, Tax Foundation, DLS) confirm that real property taxes in Maryland are moderate when compared to other states. Conversely, all similar data confirm that Maryland ranks among the highest states in the country in individual income tax burden and marginal individual income tax rates. Why should Maryland further raise individual income tax rates, where we are high, in order to subsidize real property tax rates, where we are moderate?”

Read Wineholt’s complete position statement here.