Office of the Comptroller and Department of Legislative Services - Maryland Business Taxes - Study

SB 33 requires Maryland’s Office of the Comptroller and Department of Legislative Services to study the state’s business tax structure, including whether to adopt "combined reporting" (where affiliated companies file taxes together) and evaluate other tax options like gross receipts taxes. The study must examine how combined reporting affects different industries, review experiences in other states, and assess tax policies used for economic development. The agencies must submit findings and recommendations to the Governor and legislature by December 15, 2026. This bill does not change current tax laws but sets the stage for potential future reforms affecting all corporations operating in Maryland.