July 18, 2024
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PERSONAL FINANCE TAX TIMES

Maryland’s Game-Changing Tax Law Shaking Up the Digital Advertising World! You Won’t Believe What Happens Next…

Maryland’s Game-Changing Tax Law Shaking Up the Digital Advertising World! You Won’t Believe What Happens Next…

In a recent legal battle, the Federal district court dismissed a challenge to Maryland’s digital ad tax, asserting the law’s constitutionality. The US District Court for the District of Maryland rejected the Chamber of Commerce of the United States’ claim that the tax violated the First Amendment. The court argued that the law regulates conduct, not speech, allowing Maryland to continue collecting the tax.

Meanwhile, Democratic senators have called for a special counsel appointment to investigate Supreme Court Justice Thomas for potential tax law violations. Senators Sheldon Whitehouse and Ron Wyden highlighted public reports suggesting Justice Thomas failed to disclose luxury trips and gifts. They emphasized the need for an investigation due to the serious possibility of additional tax fraud.

A bipartisan effort has emerged with a bill introduced by Rep. John Curtis and Rep. Scott Peters, aiming to pave the way for a carbon import tax. The proposed legislation, known as the PROVE IT Act, calls for a federal study of carbon intensity for common domestic imports. While the Senate version was introduced last year, Sen. Shelley Moore Capito expressed opposition, citing concerns over potential implications for American families and consumers.

Looking towards the future, Portland, Oregon, may propose a tax to expand homeless services to voters in May 2025. The Metro Council’s chief operating officer has recommended adding the measure to the ballot, seeking to broaden the usage of revenue from the existing Supportive Housing Services tax, approved by voters in 2020. The proposed 1 percent levy applies to individuals earning above $125,000 and couples earning above $200,000.

To stay updated on the latest tax developments, consider subscribing to the Tax Policy Center’s Daily Deduction for timely news delivered to your inbox weekdays at 8:00 am. For tips on new research or other related news, reach out to Renu Zaretsky via email.

Stay informed, stay engaged, and be a part of the ongoing conversations shaping tax policies and regulations.

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