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House budget plan hikes taxes, fees; Senate says no [Video]

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Generational Wealth

If the Maryland House of Delegates has its way, taxes and fees will increase to balance the state budget. The House gave preliminary approval Wednesday to its budget plan that differs from the Senate version.House Democratic leaders are pushing for more than $1 billion in tax and fee increases that they argue will help balance the state’s budget in future years and pay for education and transportation projects.The House proposal would fund transportation projects by increasing the vehicle excise tax, applying a tax to trade-in vehicles, increasing registration fees for electric vehicles and adding a 75-cent fee on ride-sharing services.MORE: Maryland lawmakers are taking aim at electric and hybrid vehicles to level the playing field when it comes to funding for road repairs and construction. Here’s the proposal.”Part two alters trade allowances. Part three increases taxes. Part four increases fees. Part five increases fees. Part six increases fees,” said House …

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