Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
Maryland's corporate tax structure consists of a flat rate of 7% on all corporate income.
Personal Income Tax
Maryland's personal income tax system consists of four separate brackets with a top rate of 4.75% starting at $3,000.
Personal Property Tax
Taxable. Maryland assesses an intangible property tax; however, most intangibles are exempt. Maryland is one of the 38 states that collect property taxes at both the state and local levels.
State Sales and Use Tax
Base Rate: 5.0%
Machinery Rate: None
There is a exemption for machinery or equipment, a replacement part of machinery or equipment, or a service for the assembly or fabrication of machinery or equipment or replacement part that is capitalized to claim depreciation, is not used in administration, management, sales, or any other non-operational activity, is used in a production activity, and is not installed so that it becomes real property.
Unemployment Insurance
Maryland's new employers' rate is 2.1% for 2 years.