davidkearns dot com - MD IT Tax Law Repealed

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Sunday, April 13, 2008
MD IT Tax Law Repealed   «life | politics»

Just got this in the mail yesterday:

THE MARYLAND HOUSE OF DELEGATES

Annapolis, Maryland 21401

April 8, 2008

Mr. David Kearns
Rockville, MD 20850

Dear Mr. Kearns:

Thank you for contacting me in support of the tech tax repeal. I am extremely pleased that we succeeded in removing what would have been an extremely harmful tax – for those in the industry, Montgomery County, and the state.

During the special session's final days, both Del. Sheila Hixson, chairman of the House Ways and Means Committee, and I, as chairman of its Revenue Subcommittee, strongly objected to the adoption of the tech tax during conference committee deliberations. But we were outvoted because other members believed that this was a minor Montgomery County problem.

During session, IT professionals took the time to testify and meet with delegates and senators. They convinced legislators of the serious consequences that would result if the tax was allowed to stand. Once that was accomplished, members of the Senate Finance and House Ways and Means Committees were faced with the task of crafting legislation that would allow us to replace the tax. We did this with a combination of cuts and a three-year tax surcharge on those earnings annually more than $1 million. It is not a perfect solution but is a good compromise.

Again, thank you for your support and interest. We could not have repealed this tax without your help. If you have any questions or need additional information, please feel free to call me or email me at kumar[at]kumarbarve[dot]com.

Sincerely,


Kumar P. Barve
Majority Leader

KPB/mfs

I removed my street address (and moved since that address so this was lovingly forwared by the post office), and the email formatting was mine (no need to spam Mr. Barve). I'm certainly pleased. I get paid as a consultant and this would have eaten into my earnings big time, enough that I would have had to think about moving out of the state, and having just moved back to Maryland would have made me sad. Now I can stay put for a while.

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4/13/2008 8:36:57 PM (Eastern Daylight Time, UTC-04:00)
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