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O'Malley Supports Repeal of Tech Tax
posted 1:56 pm Thu March 13, 2008 - DUNDALK, Md.
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Governor Martin O'Malley says he supports a repeal of a tax on computer services.
The tax was approved in November's special session.
The 6 percent sales tax extension isn't set to take effect until July.
It's infuriated the computer services industry, and business leaders are clamoring for its repeal.
O'Malley says he has never been a big fan of it.
However, the challenge is to find a substitute source of revenue for the estimated $200 million hole a repeal would make in the state budget. O'Malley says he'd like to see a tax on millionaires replace it. The governor says that's more like what he wanted to do in the first place in November's special session.
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