Taxes News
Maryland's license tax revenue up 0.3% in Q2 compared to same quarter of the previous year
Maryland collected $324 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Lower individual income tax revenue in Maryland during Q2
The second quarter of 2024 brought in $2.6 billion in individual income tax revenue for Maryland, a 9.9% decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.