Split Rate Property Tax Bill is Back in Montgomery County
Maryland Chamber Vice President of Government Affairs Ron Wineholt was in Rockville yesterday evening to testify in opposition to legislation that would allow Montgomery County to impose discriminatory rates of taxation on business property.
The legislation would allow Montgomery County to establish classes of real and personal property and to impose varying rates of taxation on each class.
The Maryland Chamber strongly opposes this bill. A minority of states authorize local governments to impose differential tax rates on varying classes of property. Such laws always result in local governments imposing discriminatory and burdensome levels of taxation on business property, sometimes at levels 2 to 3 times the level of taxation for residential property.
Read Wineholt’s position statement here.
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