Less than half of the respondents to the Maryland Public Policy Institute’s recently released 2018 Maryland Business Climate survey view the state’s overall business climate as friendly. The survey result is rather unsurprising: businesses in Maryland pay a hefty 8.25 percent corporate tax and are obligated to provide paid sick leave benefits.
On the bright side, the office of Governor Larry Hogan announced on September 17 that the small business owners who were affected by the Maryland Healthy Working Families Act will soon be able to apply for a refundable tax credit.
The act, also known as the paid sick leave law, took effect last February, forcing employers with as few as less than 14 employees to provide at least five days of unpaid sick days. Gov. Hogan initially vetoed the measure, but state senators overrode the veto.
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