Life Sciences and Research Targeted with 33% Tax Increase

If you were up late last night (technically this morning I guess) you could have seen the House pass its tax package on a 52-45 vote. There is much to discuss about the 162 page bill that can be read here, but interesting enough amongst the menu of tax increases is a tax on the very life science industry the Governor has been pushing for several years. The language in the bill states that the 0.5 percent increase, increasing from 1.5 percent to 2 percent (a 33% tax increase) in the B&O tax applies to . . . READ MORE