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Maryland Senate passes bill to save taxpayers $730M in first response to Trump tax reform

February 6th, 2018 by WCBC Radio

In the first of what is expected to be a series of moves in reaction to President Donald Trump's tax plan, the Maryland Senate on Tuesday passed a bill to prevent state tax bills from rising $730 million next year. The legislation would ensure that Marylanders can continue to take personal exemptions on their tax returns even though a new law Trump signed in December eliminates that break on federal tax returns. It is the least controversial of a host of reforms state officials are considering to prevent state tax bills from rising by hundreds of millions of dollars.

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