Maryland
Business Climate Survey

Impact of State and Local Taxes on Meeting Goals

Businesses were asked to what extent state or local taxes hindered their ability to meet their strategic goals. In second quarter 2018, 59 percent of businesses reported that taxes had some negative impact on their operations. Results from the second quarter include the following:

  • Thirty-seven percent of firms indicated taxes had no impact

  • Twenty-one percent of firms indicated taxes had little impact

  • Twenty-eight percent of firms indicated taxes had a moderate impact

  • Ten percent of firms indicated taxes had a great impact
     

When asked which tax categories were most burdensome to their companies, companies responded with the below breakdown:

 

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