MD HB1554

Expands Maryland's sales and use tax to cover 16 categories of business-to-business services, including accounting, IT services, consulting, staffing/employee placement, marketing, financial planning, and commercial property maintenance

Sets a 2.5% sales and use tax rate on the newly taxable business services, lower than Maryland's standard 6% rate

Applies only when both the service provider and the buyer are business entities, excluding consumer transactions

Uses North American Industrial Classification System (NAICS) codes to define which specific services fall under each taxable category

Takes effect July 1, 2025