By Capital News Service
David Saleh Rauf
ANNAPOLIS — For the third consecutive year, Gov. Martin O’Malley is attempting to repeal a multi-million dollar tax credit the Maryland coal industry says is vital for it to compete with neighboring states.
O’Malley’s budget proposes abolishing the Maryland Mined Coal Credit, which awards energy companies a $3 per ton credit for purchases of coal mined in the state. Legislative analysts estimate the repeal would save the state $4.5 million in fiscal 2013 and an estimated $30 million more by fiscal 2020 — the year the credit is slated to expire.
The repeal attempts put O’Malley at odds with Western Maryland’s leaders.
Read the full article here.
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