The Governor of Maryland, Martin O'Malley, recently announced a $1.7 billion tax increase package. $150 million of that tax package comes from a 20% increase in the sales tax assessment on the purchase of a new vehicle. Any Maryland citizen considering the purchase of a new vehicle will have to pay an average increase of $300 per car in tax liability - The average price of a new vehicle in Maryland is $30,000. Maryland already has one of the highest sales tax rate on vehicle purchases in the region, and Maryland refuses to allow a tax credit for the value any used car trade-in may have on the final new vehicle sales price. Currently, 44 other states allow a tax credit for the trade difference value on a trade-in used vehicle.
The proposed 20% increase in the vehicle sales tax unfairly burdens all Maryland citizens. Vehicles are an essential component to our daily life. A $300 increase may encourage some citizens to retain their older and less fuel efficient vehicles for a longer period of time.
Maryland legislators need to understand their voting constituents oppose an increase in the sales tax price of a car. Use the following link to send an opposition letter to your legislator:
TO OPPOSE A 20% INCREASE IN THE CAR SALES TAX
Visit here: http://capwiz.com/mdauto/issues/alert/?alertid=10347051&type=ML&show_alert=1
The contact information provided will in no way be dispersed to any business organization for sales or advertising purposes. The contact information is simply needed to identify your legislative representatives so that your concerns may be properly heard.
Tue Nov 20, 2007 4:25 pm