1. SUPREME COURT RULES ON MARYLAND TAX CREDIT.
- Author
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CURATOLA, ANTHONY P. and RINIER, JAMES W.
- Subjects
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DOUBLE taxation , *INTERSTATE commerce laws , *STATE taxation laws , *TAXATION ,COMPTROLLER v. Wynne (Supreme Court case) - Abstract
The article discusses the U.S. Supreme Court case Comptroller v. Wynne, wherein the court ruled that Maryland's personal income tax laws illegally discriminate against interstate commerce by double-taxing part of the taxpayer's income, thus incentivizing intrastate rather than interstate economic activity. It is suggested that other states with similar tax laws will have to revise their statues to avoid such double-taxing situations.
- Published
- 2015