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Maryland Announces Tax Holiday

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Maryland residents owing state taxes have until the end of next month to settle their bills at half the interest due, and without penalties.

The Maryland Legislature approved the two-month tax holiday last session, to encourage people to pay back taxes during the recession.

Maryland's last tax amnesty in 2001 collected nearly 40-million dollars.

The state's current delinquencies total half a billion dollars, and include 18,000 business tax accounts, and 177,000 individual income-tax accounts.

The amnesty period kicks off today, and applies to income, sales, withholding and other taxes. All payments must be received by December 31st.

Rebecca Sheir reports...

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