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MD SB1045

Bill

Official Source

Status

Introduced

3/3/2025

Primary Sponsor

Shelly Hettleman

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Expands Maryland's sales and use tax to cover 16 categories of business-to-business services, including accounting, IT services, consulting, marketing, staffing, financial planning, and repair services
  • Sets the tax rate at 2.5% for newly taxable business services, lower than the standard 6% sales tax rate
  • Applies only when both the service provider and buyer are business entities, excluding consumer transactions
  • Uses NAICS (North American Industrial Classification System) codes to define which specific services are taxable
  • Takes effect July 1, 2025

Legislative Description

Sales and Use Tax - Taxable Business Services - Alterations

Commerce and Business

Last Action

Hearing 3/12 at 3:00 p.m.

3/6/2025

Committee Referrals

Budget and Taxation3/6/2025
Rules3/3/2025

Full Bill Text

No bill text available