State of Tax: Maryland Budget, ‘Jock Tax’ Judge Assigns Homework

The week in state tax news: Maryland adopted a budget for fiscal 2026 that includes a new levy drawing fire from the tech industry, while also creating new tax brackets for the state’s top earners. Meanwhile, judges in Pennsylvania’s “jock tax” case have more questions after oral arguments, and a GOP member of Congress predicts where the SALT cap will land.

Maryland Lawmakers Compromise on Budget

The Maryland General Assembly approved the state’s fiscal 2026 budget on April 7, which will raise $1.6 billion in new revenue through new taxes and fees, including a new 3% tax on information technology, ...