TeleBright Reflects on Technology Tax

TeleBright, an award winning leader in Telecom Expense Management and Energy Efficiency Monitoring, looks back on the near miss of a Maryland Technology Tax one year ago. Although the economic climate has continued to drop, Maryland lawmakers have fortified a stronger relationship with technology companies in the state.

Based in Maryland, TeleBright was first in line to protest the 6% special technology tax that would begin in June of 2008 and continue for the next five years. The state of Maryland had a deficit and targeted the technology industry as part of the recovery solution. The estimated calculation for the new tax $200 million each year. After weeks of debate the state voted to repeal the tax and opted to apply a surcharge on millionaires in Maryland.

"We are elated at the news that the House has passed the repeal. We want to commend Governor O’Malley, Senate President Miller and Speaker Busch for tackling this difficult challenge head on," said Julie Coons, chief executive officer of the Tech Council of Maryland. "With technology jobs so vital to the state's economy, this move sends the right message that Maryland is good for business, particularly small and medium-sized growing businesses."
As a long term member of Tech Council of Maryland, TeleBright has first-hand knowledge of strength in numbers and the importance of being part of professional associations.

Related Story: The Washington Post: A Year After ‘Tech Tax’ Scare, Maryland Firms Follow Up With Lawmakers