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Maryland State Wire

Saturday, April 12, 2025

Maryland small businesses react to tax increases by General Assembly

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Julianna Rauf Grassroots Manager | Official Website

Julianna Rauf Grassroots Manager | Official Website

The National Federation of Independent Business (NFIB) has expressed disappointment over recent tax and fee increases enacted by the Maryland General Assembly. NFIB, recognized as a leading voice for small businesses in the state, issued a statement through Mike O’Halloran, the organization's Maryland State Director, concerning the conclusion of legislative activities.

O'Halloran stated, “Despite the ongoing economic challenges facing Maryland’s small businesses, the General Assembly decided to go forward with tax and fee increases on Main Street and further exacerbate those challenges. We are disappointed that lawmakers didn’t listen to the state’s small business owners and passed House Bill 352 with provisions that will ultimately take away the funds that small businesses use to grow the economy. Unfortunately, lawmakers have only made it more difficult to run a small business in Maryland.”

The sentiment from NFIB arises from the legislative passage of House Bill 352, which includes provisions perceived to negatively impact small business operations by reducing available economic resources for growth. The issue is compounded by findings from NFIB’s recent jobs report, revealing that 40% of small business owners, adjusted seasonally, are reporting job openings they are unable to fill.

The NFIB continues to advocate for policies that support rather than hinder the operations and growth of small businesses across Maryland.

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