The Bay Times and Record Observer: Franchot discusses taxes, economy, visits local businesses

CHESTER — Maryland State Comptroller Peter Franchot visited Queen Anne’s County on Thursday, Dec. 20, to tout economic growth and discuss the upcoming tax season for Maryland residents. Among his stops were Bada Bean Coffee House and the Bay Times in Chester, Animal Welfare League of Queen Anne’s County in Queenstown, and D’Alessio’s Wood-Fired Pizza in Stevensville. Aside from giving the new businesses proclamations for their contributions to economic development of the of Island and meeting locals, he also toured the AWL shelter and heard staff concerns about the need to expand. Taxes topped much of the discussion during his visit, including the recent overhaul of the federal tax system an

The Patch: Does Maryland Owe You Money In 2018: Find Out Here: The Maryland Comptroller's office

ANNAPOLIS, MD — Money that's rightfully yours could be sitting in government vaults but it's up to you to claim your loot. Each year the State of Maryland holds on to millions of dollars in unclaimed money that belongs to the public. Comptroller Peter Franchot says the money is held until it is claimed by the rightful owner or that person's heirs — and many people who have unclaimed cash don't realize it, whether it's money owed from pension funds, business refunds or other sources. What does the state consider unclaimed property? Stocks, bonds, savings accounts, security deposits, contents of safe deposit boxes, insurance proceeds and other valuables which are reported to the state as uncla

The Dundalk Eagle: Franchot announces BPW approval of $160 million contract to replace state tax pro

Comptroller Franchot announced today that the Board of Public Works has approved a $159.7 million contract to replace and upgrade the state's tax processing system with a state-of-the-art program that will expand revenue-generating projects, provide enhanced reporting functionality and make it easier for taxpayers to view their accounts with the agency. The contract was unanimously awarded to Pembroke, Massachusetts-based Revenue Solutions Inc. "I am very excited about our new COMPASS tax system, which will let us process tax returns more quickly and stop tax cheats from stealing Marylanders' hard-earned money," said Comptroller Franchot. "For taxpayers, this means an even speedier tax refun

A Miner Detail: 2018: The winners and losers in Maryland politics

Comptroller Peter Franchot The most popular elected Democrat in Maryland. Repeat: The most popular elected Democrat in Maryland. (Look up Franchot’s midterm vote totals. Of course, Washington County, my native home, just had to be one of the three outliers. Of course, Washington County, of course.) The consummate disruptor of stodgy, machine-driven Annapolis politics has shown that bipartisanship wins. Bar none. Maryland’s tax collector and small business promoter is an enigma for some partisans who operate within the framework of the Maryland establishment, especially those who run the Annapolis Machine; they’ll never get Franchot, and they’ll never seek to understand him. The comptroller i

Maryland Reporter: As top vote-getter, Franchot leaves the door wide open for 2022

For and The Business Monthly “You may roll your eyes at this, but as the state tax collector I received more votes for state office than any Marylander in history,” Comptroller Peter Franchot gleefully told a sold-out BWI Business Partnership breakfast Friday morning. “And if you bump into Governor Hogan, could you tell him I happened to get 300,000 more votes than he did.” But who’s counting? (Gov. Larry Hogan likes to remind people than he just got more votes than any Republican in Maryland history.) Hillary Clinton and Barack Obama got more votes than Franchot in presidential elections when Franchot was not on the ballot, as did Democratic Sen. Chris Van Hollen “who g

The Baltimore Business Journal: Franchot calls for 'dramatic' steps to bring business back t

Baltimore needs a "dramatic" effort to bring back visitors who will eat at its restaurants and shop its boutiques, Comptroller Peter Franchot said Friday. Speaking before a group of business leaders assembled for the BWI Business Partnership's December breakfast, Franchot said businesses and restaurants across the city are "suffering because of the perception that the city is unsafe." He pushed back on those fears and urged people to visit small businesses in the city at least once this holiday season. "Any urban area has violence, you can't avoid that, but Baltimore is safe and Baltimore is a wonderful city of great neighborhoods," he said. "The important part is it is the beating heart of

Associated Press: New York man charged with transporting contraband cigarettes

ANNAPOLIS, Md. (AP) - Police say a man has been found with nearly 5,000 packs of illegally transported cigarettes in Maryland. The state Comptroller’s Office wrote in a statement that 25-year-old Ali Nasser Mohsen Ashubi of Mount Vernon, New York was arrested Wednesday after a traffic stop. Citing the office, the Capital Gazette reports that Anne Arundel County police pulled over Ashubi in a rented 2019 Dodge Durango with North Carolina license plates for a traffic violation. The office says officers would find 4,900 packs of contraband cigarettes, valued at more than $30,000 and representing a tax loss to the state of $9,800. Ashubi was arrested and charged with offenses, including a felony

Capital Gazette: Letters: The Capital got facts wrong on tax filing fees; Support the Energy and Inn

Tax filing fees The Editor’s Notebook incorrectly stated that the Comptroller’s Office charges a processing fee for electronic tax filings of state returns (The Capital, Dec. 10). While I am grateful to the editorial board for highlighting the exciting changes that are forthcoming after my agency’s new, state-of-the-art tax filing system – COMPASS – is fully integrated, it is vitally important that taxpayers have the most accurate information, especially as we head into the 2019 tax filing season. Filing state returns through our online, secure, I-File system has, and will always be, free of charge to Maryland taxpayers. Every year, more than 100,000 taxpayers utilize our online portal, and

Maryland Matters: Maryland Has Unspent Revenue, But Comptroller Urges Restraint

Maryland has more than $1 billion in unspent revenue as lawmakers prepare for the 2019 General Assembly session. The budgetary boost comes thanks to the state’s increased revenue from the 2017 federal tax plan and the Supreme Court ruling in South Dakota v. Wayfair, which concluded that states can impose a sales tax even when an online retailer has no physical presence in the state. “As we chart a course for the state’s fiscal future, it is incumbent upon our policymakers to make thoughtful decisions on the path forward when it comes to how we spend the taxpayers’ hard-earned dollars,” Comptroller Peter V.R. Franchot (D) wrote in prepared remarks for a Board of Revenue Estimates meeting in A

Daily Record: Franchot warns economic ‘winter is coming’

ANNAPOLIS — Maryland’s tax collector warned of an increased risk for an economic downturn and called for state leaders to sock away more than a billion dollars. Comptroller Peter Franchot made his cautionary comments as the Board of Revenue Estimates projected one of its smallest write-downs — about one-tenth of a percent in the current year — in state revenue in recent years. Franchot, who is chair of the revenue estimates panel, quoted from the popular television show “Game of Thrones” as he cautioned lawmakers to consider the specter of a recession. “I don’t want to jinx it,” said Franchot. “Nobody is in favor of recessions, but winter is coming. So, let’s prepare.” Franchot called on law

Cumberland Times-News: Support local brick and mortar stores, comptroller urges Franchot stops in ci

CUMBERLAND — Comptroller Peter Franchot continued his annual Shop Maryland for the Holidays Tour in Cumberland on Thursday by purchasing a Christmas present for his granddaughter. “We picked out Buttercup Boutique to be a great example for all these Main Street establishments,” Franchot said. “Trust me when I say that we are grateful in the state of Maryland for the Buttercup Boutique and other establishments.” Franchot congratulated owner Marcy Dearcangelis for being in business for 10 years and provided her with a proclamation. “It’s your success as a popular and independently owned business, which reflects the care and commitment displayed by everyone throughout the store,” reads the proc

LocalDVM: Olympia Candy Kitchen receives award from Maryland Comptroller

HAGERSTOWN, Md. - Maryland Comptroller Peter Franchot spent time in western Maryland today for his annual holiday tour. Franchot presented an award to the owner of Olympia Candy Kitchen in recognition of the shop's 115 years in business, including 30+ years in Hagerstown. Franchot also took the time to visit local stores to encourage people to shop locally instead of shopping online or at out-of-state businesses.The owner of the candy store, Tony Pananes, says he feels honored to be one of the local businesses recognized. Pananes adds, "it's great, it's very gratifying to know that the comptroller picked us out of the other thousand other business in Maryland I feel honored that he did." Wat

Herald Mail Media: Franchot urges people to ‘Shop Maryland for the Holidays’

It’s a merry time of year at Olympia Candy Kitchen just north of Hagerstown. “Christmas is our busiest season. Valentine’s Day is actually No. 3. Christmas, Easter and Valentine’s, that’s our order,” said owner Tony Pananes. “At Christmas, we have a lot of candies (such as peppermint bark) that we don’t have during the rest of the year. ... We also carry a lot of the foiled candies, Santas and snowmen and presents.” Olympia has been in business for 115 years, including more than three decades at its current home on Pennsylvania Avenue. Maryland Comptroller Peter Franchot referred to the importance of the holiday season and to the company’s history when he came to Olympia Candy Kitchen Thursd

Baltimore Sun: Maryland comptroller promises taxpayers faster refunds, better service with new compu

Comptroller Peter Franchot is promising Maryland taxpayers will see faster refunds and stronger protections against fraudulent returns after the state implements a new, $160 million tax collection computer system. After years of planning, a contract to implement the system will go Dec. 19 to the state Board of Public Works, where approval is expected. The integrated system is expected to replace several “legacy” systems — including one that’s been in use for 31 years. Franchot, a Democrat who was recently re-elected to his fourth term as Maryland’s chief tax collector, said the investment will pay off for honest taxpayers and for state government revenues. “This is a chance to get rid of an

Baltimore Business Journal: Maryland Comptroller Franchot to lawmakers: Put money into the Rainy Day

Maryland Comptroller Peter Franchot wants lawmakers to save additional revenue that is pouring into the state instead of spending it all. Franchot, a Democrat, said Maryland is anticipating a windfall of more than $1 billion in tax revenue because of the 2017 federal tax reform law and the implementation of a Supreme Court decision allowing states to collect sales tax from online retailers. That money could be put to use in many different ways by the state, but Franchot implored lawmakers Tuesday to put the money into the Rainy Day Fund. "If you could possibly communicate to your elected officials in Annapolis that they should put all of that money into the Rainy Day Fund, I would be gratefu

The Star Democrat: Franchot honors Simmons Center Market, promotes shopping local

CAMBRIDGE — Maryland Comptroller Peter Franchot stopped by Simmons Center Market Friday, Nov. 30, to recognize the store for its impressive tenure on Race Street. The shop is celebrating 81 years in Cambridge. Franchot, promoting the initiative of shopping locally in the state, said Ricky Travers and his family personify excellent qualities for businesses in Maryland. “We’re here to just celebrate Ricky Travers and his family ... and what they represent in the state of Maryland, which is character, values, entrepreneurship, innovation and keeping your head above water in challenging times,” Franchot said. Franchot said small businesses like Simmons Center Market are the backbone of the local

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