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Maryland tax legislation enacted, including new private letter ruling program

Maryland’s 2016 legislative session resulted in a number of tax bills signed into law by Gov. Larry Hogan on May 10 and May 19, 2016, as well as other tax bills being adopted into law on May 28, 2016, without the governor’s signature. Material components of these bills include the adoption of a process to implement private letter rulings, in addition to adjustments of important components of Maryland income and withholding taxes.

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