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Sen. Edward J, Kasemeyer, left, the chairman of the Senate Budget and Taxation Committee, and Sen. Richard S. Madaleno Jr., the panel’s
vice chairman, say the ultimate cost of the Supreme Court ruling to municipalities and local governments could grow beyond initial
projections. (Photo by Bryan P. Sears)Sen. Edward J, Kasemeyer, left, the chairman of the Senate Budget and Taxation Committee, and Sen. Richard S. Madaleno Jr., the panel’s
vice chairman, say the ultimate cost of the Supreme Court ruling to municipalities and local governments could grow beyond initial
projections. (Photo by Bryan P. Sears)
Sen. Edward J, Kasemeyer, left, the chairman of the Senate Budget and Taxation Committee, and Sen. Richard S. Madaleno Jr., the panel’s vice chairman, say the ultimate cost of the Supreme Court ruling to municipalities and local governments could grow beyond initial projections. (Photo by Bryan P. Sears)Sen. Edward J, Kasemeyer, left, the chairman of the Senate Budget and Taxation Committee, and Sen. Richard S. Madaleno Jr., the panel’s vice chairman, say the ultimate cost of the Supreme Court ruling to municipalities and local governments could grow beyond initial projections. (Photo by Bryan P. Sears)

Md. officials worry hit from tax ruling could exceed $140M estimate

ANNAPOLIS — Costs to local and municipal governments related to a U.S. Supreme Court decision on some local tax payments could grow beyond an initial $140 million estimate if eligible taxpayers successfully challenge an interest rate set by the state on the outstanding refunds. The Supreme Court last month ruled that the local governments could not ...

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