Jan 16, 2013
Senate President Thomas V. Mike Miller Jr. said Wednesday morning that Gov. Martin O’Malley’s operating budget proposal will be reflective of a still-recovering economy and will not include any tax or fee increases.
“All in all, it’s still a very lean budget,” Miller said. “It holds state spending down. That’s the big news.”
O’Malley is expected to reveal details of his proposal at a noon press conference at the State House. He told state business advocates on Tuesday that the budget would support 43,000 jobs and increase tax credits for biotechnology, life science and research and development.
Miller said the budget also includes changes to the state’s film production tax credit. Sen. Edward J. Kasemeyer, a Democrat who represents part of Baltimore County and Howard County and chairs the Senate Budget and Taxation Committee, sponsored SB 1066 last year, which would have increased the amount of total annual credits from $7.5 million to $22.5 million while extending the program to July 2016. It is currently set to expire in 2014.
The bill was one of the casualties of a whirlwind final week of the 2012 General Assembly.
The state has become a popular stand-in for television shows and movies supposedly set in Washington, D.C. The most recent example is HBO White House comedy “Veep.”