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Maryland considering reparations bill that would raise taxes for ‘reinvestment’ fund

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Maryland lawmakers are considering a bill that would create a reparations system by increasing certain taxes.

The Maryland Reparations Act of 2024 calls for changes to the state’s income tax rates and estate capital gains tax. In addition to increasing the marijuana sales tax from 9% to 14%, the legislation seeks to increase Maryland’s revenue by an estimated $1.2 billion in fiscal 2025, according to the bill’s fiscal note.

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