Summary
Gift cards for the state
A recently proposed bill seeks to create a new revenue stream for the state -- unused money from gift certificates, gift cards and even prepaid calling cards. HB 126 would classify any gift card, prepaid credit card, gift certificate or prepaid calling card to be abandoned property if it is not redeemed in full four years after it was issued. The state would get 70 percent of the abandoned balances. Del. Joseline A. Pena-Melnyk, D-Anne Arundel and Prince George's, introduced the bill last week.See the full content of this document
Extract
Week in Review
Tax amnesty proposal
There are efforts under way in both chambers of the General Assembly to institute a period of tax amnesty this year, loosening penalties for individuals and some businesses that come forward to pay back taxes. The last tax amnesty period was in 2001 and raised ...See the full content of this document
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