Del. Governor Gets Tax Increases Approved - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Del. Governor Gets Tax Increases Approved

Posted: Updated:
DOVER, Del. (AP)- A package of tax increases that Gov. Jack Markell is relying on to help pay for his proposed spending plan for next fiscal year is on the way to his desk for his signature.

The Democrat-controlled state Senate approved the tax increases Thursday on a straight party line vote, with no Republicans voting in favor.

The legislation cleared the House on a similar straight party line vote last week.

The bill increases the annual tax on limited liability companies and business partnerships from $250 to $300. It also increases the minimum annual corporation franchise tax by $100.

Administration officials say the tax increases should generate an additional $51 million next year, with out-of-state entities paying more than 95 percent of that amount.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Pocomoke City Proposes Building Ordinance

    Pocomoke City Proposes Building Ordinance

    Jan 17, 2018 6:20 PM2018-01-17 23:20:00 GMT
    Thursday, January 18 2018 7:35 AM EST2018-01-18 12:35:50 GMT
    A proposed ordinance in Pocomoke City, Maryland would require property owners to be more proactive in taking care of their buildings.More
    A proposed ordinance in Pocomoke City, Maryland would require property owners to be more proactive in taking care of their buildings. 
    More
  • Md. Report Supports Help for Minorities in Medical Pot Business

    Md. Report Supports Help for Minorities in Medical Pot Business

    Jan 18, 2018 7:46 AM2018-01-18 12:46:00 GMT
    Thursday, January 18 2018 7:46 AM EST2018-01-18 12:46:43 GMT
    Data on discrimination in Maryland's overall economy provides "a strong basis in evidence" to support helping businesses owned by women and minorities in the types of industries relevant to the state's fledgling medical marijuana industry, a report says.More
    Data on discrimination in Maryland's overall economy provides "a strong basis in evidence" to support helping businesses owned by women and minorities in the types of industries relevant to the state's fledgling medical marijuana industry, a report says.More
  • Effort Underway to Gauge Population of Key Small Fish

    Effort Underway to Gauge Population of Key Small Fish

    Jan 18, 2018 7:23 AM2018-01-18 12:23:00 GMT
    Thursday, January 18 2018 7:44 AM EST2018-01-18 12:44:31 GMT
    A fisherman sits on the jetty at Bowers Beach. (Tom Lehman/WBOC)A fisherman sits on the jetty at Bowers Beach. (Tom Lehman/WBOC)
    Interstate fishing regulators are trying to get a better handle on the population health of a species of small fish that has been harvested on the East Coast for centuries.More
    Interstate fishing regulators are trying to get a better handle on the population health of a species of small fish that has been harvested on the East Coast for centuries.More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices