MD Legislation Seeks Tax Increase

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Senate Bill 172 seeks to increase the sales and use tax rate for the sale of an alcoholic beverage from 9% to 10% of the charge for the alcoholic beverage in two phases: for off-sale retailers, the rate increase takes effect October 1, 2021; for on-sale retailers, the rate increase is delayed by two years until October 1, 2023. Revenues generated will be credited to the Health Equity Resource Community Reserve Fund.