Out-of-State Sourced Taxable Income – Update on Wynne V. ComptrollerBondBeebe
Posting by Jobe Dupre
On Friday, May 17, 2013, the Maryland Court of Appeals denied the comptroller’s motion for reconsideration inBrian and Karen Wynne, et al v. Comptroller of Treasury. The original ruling was in favor of the taxpayer, allowing taxes paid to another state to count as a tax credit against the income taxes paid to a Maryland County.
The ruling is still standing in favor of the taxpayer, although the effective date is on hold, allowing Maryland time to petition the U.S. Supreme Court.
Stay tuned for additional guidance from Maryland and for more updates on this court case. For more information on how this may affect your tax return, view our previous post.