Financial Reports

The Comptroller's Bureau of Revenue Estimates staff meets with local government revenue estimators several times each year to provide an overview of state revenue estimates and the economic and business assumptions on which those estimates are based. The Bureau also gives local governments information to help them analyze local income tax distributions and fulfills specific requests for data used to analyze revenue trends.

Close-out reports

Close-out reports are produced after the conclusion of each fiscal year. They compare the actual revenues received during the fiscal year with the most recent revenue estimates. Review the FY 2006 Closeout Report.

Revenue estimates

The Detailed Revenue Estimates Report, presented to the Governor by the Board of Revenue Estimates, contains the most recent state revenue forecasts, analyses of the Maryland and national economies, and other valuable information.

The Board of Revenue Estimates submitted revised general fund revenue estimates on March 6, 2008.

Monthly reports

We provide a series of monthly reports that contain comparative revenue statements for the personal and corporate income taxes, sales and use tax, and the inheritance and estate taxes. Also available is the monthly tax receipts report for the admissions and amusement tax.

Annual reports

The Comprehensive Annual Financial Report is the state's official financial report and provides detail and summary reports on the financial status of the state of Maryland. The Consolidated Revenue Report details revenue collections by the Comptroller's Office.

The Income Tax Summary Report is a tabulation of information from all state and local tax returns for the most recently completed tax year.

The Sales and Use Tax Receipts by Subdivision and Business Activity report provides a county-by-county breakdown of tax receipts generated by sales of food and beverages, furniture, apparel and other business categories for the most recent fiscal year.

Reports on the impact of federal tax law

The following reports describe the direct and indirect impact of federal tax law changes on Maryland revenues:

• Impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 on Maryland Revenues
• Victims of Terrorism Relief Act of 2001
• Job Creation and Worker Assistance Act of 2002
• Jobs and Growth Tax Relief Reconciliation Act of 2003
• Military Family Tax Relief Act of 2003
• Working Families Tax Relief Act of 2004
• American Jobs Creation Act of 2004
• H.R. 241 - Tsunami charitable deduction acceleration

Property tax information

For statistical information about property taxes and residential property sales, visit the Department of Assessments and Taxation Web site at www.dat.state.md.us.

Previous revenue reports