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Politics : Formerly About Advanced Micro Devices
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To: longnshort who wrote (858043)5/18/2015 2:28:40 PM
From: joseffy   of 1573832
 
Supreme Court: Maryland has been illegally double-taxing people who earn income in other states
Washington Post ^ | 05/18/2015 | Bill Turque


A divided Supreme Court said Monday that Maryland’s income tax law is unconstitutional because it does not provide a full tax credit to residents for money earned outside the state, a ruling likely to cost Maryland counties and localities across the country millions of dollars in revenue.

The court voted 5-4 to affirm a 2013 Maryland Court of Appeals decision that the state’s practice of withholding a credit on the county segment of the state income tax violated the Commerce Clause because it might discourage individuals from doing business across state lines.

The ruling means that Maryland taxpayers who tried to claim the credit on their county income tax returns between 2006 and 2014 are likely to be eligible for refunds that the state Comptroller’s office says could total $200 million with interest. Going forward, residents who earn out-of-state income from certain businesses will be able to claim the county credit, costing Maryland an estimated $42 million a year in revenue.

In most states, income from outside is taxed both where the money is made and where taxpayers live. To guard against double taxation, states usually give residents a full credit for income taxes paid on out-of-state earnings.

(Excerpt) Read more at washingtonpost.com ...
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