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No Sales Tax Holiday in Maryland This Year
The Maryland General Assembly did not pass any legislation this year authorizing a tax free shopping period in 2009. There will be a tax free week in 2010 on clothing and footwear $100 or less. The 2010 Sales Tax Holiday is scheduled for August 8, 2010 through August 14, 2010. A tax free weekend is also planned for energy star products February 19-21, 2011.
Board of Revenue Estimates Announces Revised FY 2009 Figures
After reviewing the current economic outlook and recent revenue collections, the Board of Revenue Estimates adopted revised general fund revenue estimates at its March 11 meeting.
New Regulations for Tax Preparers
Under a new bill recently signed into law, all persons offering individual tax preparation services must become licensed with the State Board of Individual Tax Preparers by June 1, 2010. Tax preparers seeking additional information are encouraged to visit the Dept. of Labor, Licensing & Regulation Web site.
From the Desk of the Comptroller
As you know, Maryland is facing a $1.1 billion shortfall in FY 2009-2010 and saving money is critical to weathering the fiscal storm and maintaining essential services. This agency, along with the Governor and General Assembly, is doing its part to try and cut costs. More
From the Desk of the Comptroller Archive
Current News Releases
Franchot Returns More Than $26K at OC SpringFest
ANNAPOLIS, MD (May 11, 2009) - Representatives from Comptroller Peter Franchot’s unclaimed property unit visited Ocean City’s SpringFest this past weekend, reuniting 37 people with more than $26,000 in unclaimed funds. Comptroller employees were on hand to assist fairgoers Thursday, May 7 through Sunday, May 10 as part of a statewide initiative to help reunite Marylanders with money they are owed. Attendees were able to check Comptroller files for their names to see if they had any unclaimed property with one lucky person finding
Comptroller Franchot Applauds School Construction Funding Vote
Annapolis, Md. (May 6, 2009) - In keeping with his commitment to strengthening Maryland's best-in-the-nation public school system, Comptroller Peter Franchot joined Governor Martin O'Malley and Treasurer Nancy Kopp as the Board of Public Works unanimously voted to approve the recommendations by the Interagency Committee for School Construction (IAC) for the final $65 million in previously unallocated school construction funding for Fiscal Year 2010. Leading up to today's vote, the Comptroller visited over a dozen schools across the state. The visits to schools, ranked as high priorities by the local jurisdictions, allowed the Comptroller to hear directly from the county school officials, teachers, students and parents as to the desperate need for funding.
Long-Time Tax Scofflaw Sentenced Up to 10 Years
ANNAPOLIS, MD (April 29, 2009) - Comptroller Peter Franchot today announced that one of Maryland’s worst tax scofflaws, Lloyd Binion, was sentenced today up to 10 years in state prison after pleading guilty in February to two counts of failure to pay nearly $400,000 in sales and use and withholding taxes to the state. Binion received the maximum 5 year sentence with each count, which could be suspended after 18 months in jail. The guilty pleas were a result of a four-year-long investigation by Comptroller auditors into Binion’s restaurant business, which led to a 13-count indictment by the Harford County State’s Attorney Office. Mr. Binion is required to report to the State Department of Corrections on July 23.
News Release Archive
 Find Unclaimed Property and Bid on Items
The Comptroller's Office has over 750,000 unclaimed property accounts worth more than $708 million including 66,000 new listings. Check to see if your name is on our list.
Numerous unclaimed property items from abandoned safe deposit boxes held by the Comptroller's Office are now being auctioned on eBay. New offerings are available every week.
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