TEI, working through its Tax Reform Task Force under the leadership of John Mann, is actively preparing to assess tax legislative proposals. We are looking to evaluate, on an industry-by-industry basis, legislative proposals for both substantive effects and tax administration implications. The former will help inform members about the effects on their employers and their industries, as well as provide insight about legislative effects to in-house peers in other industries.
On September 30, 2015, TEI recommended four state tax reforms that would further the Maryland Economic Development and Business Climate Commission (the Augustine Commission) goals of making Maryland a better place to do business and keeping Maryland competitive in economic and private sector growth and prosperity. TEI recommended: (1) a reduction of the interest rate on underpayments of tax, (2) a legislative directive narrowing the application of the principles espoused in Gore Enterprise Holdings, Inc. v.