The Baltimore Sun:In dire financial straits because of coronavirus? Talk to your lenders. COMMENTARY

Despite serving as the state’s chief tax collector, Maryland Comptroller Peter Franchot likes to advocate for individuals paying less in taxes to state government. Whether touting sales tax holidays or cautioning lawmakers to spend less, he generally brags more about the speed at which his staff processes income tax refunds than their skills at collecting record sums. So it came as no surprise that when the COVID-19 outbreak struck these shores, he was soon busy extending the tax filing deadline to July 15 for both individuals and businesses, which, for those who owed the state, offers a slightly better cash-flow situation. The federal government has taken a similar approach on the grounds t

Maryland Matters: Franchot Urges Struggling Consumers to Seek ‘Payment Relief’ From Monthly Bills

As April 1 approaches and monthly bills come due, many Marylanders during this unprecedented period of economic pain may be doubting their ability to meet their financial obligations. For those cash-strapped Marylanders who have lost their jobs or seen their financial stability take a hit in the wake of the COVID-19 outbreak, state Comptroller Peter V.R. Franchot (D) has a suggestion: Ask your creditors, your landlords, your utility companies for a 90-day payment holiday. “Don’t write checks to your creditors until you talk to your creditors,” Franchot said in an interview Friday. “It allows consumers to preserve what’s in their pockets in a normal time.” The advice isn’t fail-safe: Not ever

WTOP: Maryland comptroller wants to allow businesses time to recover after coronavirus

Recognizing how disrupted all residents’ lives have been due to the coronavirus outbreak, Peter Franchot, the Maryland state comptroller, has already extended the state’s personal income tax filing deadline to July and paused the state’s collection of many current tax bills. However, he said he knows the impact of the state’s mandatory shut down of many small businesses will be long-running, and he wants to help business owners who don’t have a financial cushion. Franchot said the state can’t wait to begin looking at how to reconstruct the local economy and keep businesses from going bankrupt. “We’re asking them to shut down,” he said. “But they don’t have the resources to pay their fixed c

Daily Record: Franchot extends deadlines for Md. business tax payments

Maryland businesses that were expected to make their sales and use tax payments Friday now have until June. Comptroller Peter Franchot announced the deadline extension Friday for all businesses with returns due in the months of March, April and May. The delay is in response to the ongoing COVID-19 pandemic. The announcement coincides with official word that the federal tax return deadline would be extended from April 15 to July 15. “Our state’s top priority is safeguarding public health for Marylanders, but we must also protect the financial health of our economy,” said Franchot. “This extension will provide much-needed relief to our business owners as they adjust to changes in consumer beh

Baltimore Business JournalState, local officials relax alcohol restrictions to help bars, breweries

For now, grabbing a drink at the bar or brewery is out of the question in Maryland due to restrictions aimed at slowing the spread of the novel coronavirus. But the crisis has opened a new avenue for getting your beer, wine and liquor: take-out and delivery. Across the city and state, restaurants, bars, breweries, wineries and distilleries are offering up crowlers, kegs, bottled cocktails and more to go. In some cases, they'll even bring the goods to your front door. State and local officials have loosened restrictions on alcohol sales in an effort to give Maryland's craft producers a chance to make some money while their tap and tasting rooms are closed. As part of an executive order restri

The Daily Record: Rules on Md. alcohol sales relaxed amid virus restrictions

Maryland’s governor and top tax collector are making it easier to get an alcoholic beverage during the COVID-19 pandemic. Since Wednesday, both Gov. Larry Hogan and Comptroller Peter Franchot have announced an easing of regulations and enforcements on alcohol sales to the public. On Thursday, Hogan announced he would lift restrictions and allow bars, restaurants, wineries and distilleries to deliver alcohol. The lifting of those restrictions would be subject to local authorities. Earlier this week the governor ordered bars and restaurants to close to dine-in patrons but allowed them to continue to serve food if they had a drive-thru window or if patrons carried food out or ordered for delive


Franchot gives Md. taxpayers 3 extra months to pay Maryland residents and businesses will have a three-month extension to pay their state taxes, Maryland Comptroller Peter Franchot said. State tax payments for 2019 made by July 15 will occur no interest or penalty for lateness, he said in a statement his office released late Tuesday. The news follows Tuesday’s announcement at the White House that the April 15 deadline for federal income tax payments is being extended for 90 days, due to the coronavirus. “Right now, Maryland taxpayers and businesses must stay focused on their health and keeping their lights on, both in their homes and businesses,” Franchot said in the statement. “Extending th

WBFF Fox 45: Comptroller announces Maryland income tax deadline is extended to July 15

ANNAPOLIS, Md. (WBFF) - Maryland Comptroller Peter Franchot has announced that the tax deadline for Maryland businesses and individual income taxpayers will be extended to July 15, 2020. “Right now, Maryland taxpayers and businesses must stay focused on their health and keeping their lights on, both in their homes and businesses,” Comptroller Franchot said. “Extending the due date for Maryland state individual and business income tax payments helps us keep cash flowing in our economy and into employees’ bank accounts.” No interest or penalty for late payments will be imposed if 2019 tax payments are made by July 15, 2020. Taxpayers who take advantage of the federal extension to file their re

Baltimore Business Journal: Take a breath, you have extra time to file your Md. tax returns

Worried about paying your taxes on time in the current economic landscape? Businesses and individuals in Maryland now have three extra months to file and pay their state income taxes, Comptroller Peter Franchot announced in a statement Tuesday night. “Right now, Maryland taxpayers and businesses must stay focused on their health and keeping their lights on, both in their homes and businesses,” Franchot said in the announcement. The call comes as Maryland, and most of the country, is practicing extreme social distancing in the wake of the coronavirus pandemic. The impact on the food service, entertainment, event and hospitality industries and their employees has been severe. Maryland made the

Cumberland Times News:Comptroller Franchot urges $500 million in small business relief

ANNAPOLIS — Comptroller Peter Franchot is calling for Gov. Larry Hogan and the Maryland General Assembly to dip into the State’s Rainy Day Fund to provide a minimum of $500 million for small businesses that will be critically impacted by the worsening COVID-19 pandemic. “It’s called a rainy day fund and in about two weeks, it’s going to be raining harder than we have ever seen in the State of Maryland for these small businesses,” Franchot said. The Comptroller has spoken with numerous small business owners who have already reported they are starting to feel the impacts from the pandemic, and it will only become more pronounced in the coming days, weeks and potentially months ahead. The follo

WMAR 2 ABC: Franchot wants $500 million for small businesses affected by coronavirus

ANNAPOLIS, Md. (WMAR) — Maryland Comptroller Peter Franchot is calling for $500 million from the State’s Rainy Day Fund to give to small businesses impacted by the COVID-19 pandemic. “It’s called a rainy day fund and in about two weeks, it’s going to be raining harder than we have ever seen in the State of Maryland for these small businesses,” Comptroller Franchot said. The following is Comptroller Franchot’s full statement: “Maryland's local, independent businesses are the lifeblood of our state's economy and the pillars of their communities. Having spoken directly with more small business owners over these past few days than I can count, I can assure you that, in the absence of extraordina

Maryland Matters: Fearing Possible Depression, Franchot Urges ‘Timeout’ on Tax Measures

Maryland’s chief tax collector implored state lawmakers to delay action on revenue measures, saying that a looming recession — or worse — make this a dangerous time to add to the tax burden businesses and consumers face. In an interview on Friday, Comptroller Peter V.R. Franchot (D) warned that Maryland faces not just a recession “but a possible depression” due to the spread of COVID-19. The expected downturn in economic activity triggered by the disease could take a 20% bite out of revenues this year, he predicted. “This is precisely the wrong time to be imposing higher taxes on the state of Maryland’s business and/or individuals,” he said. “I can’t emphasize that enough.” Franchot has side

WFMD: Maryland’s Economy Could Be In For A Rough Ride Due To Coronavirus

Annapolis, Md (KM) There could be some rough times ahead for Maryland’s economy due to the coronavirus. “This virus is going to cause enormous damage to the economy of the state of Maryland, and we have to brace for that,” say Maryland Comptroller Peter Franchot. In most instances, Franchot says disruptions could happen to supply chains when workers become sick. These supply chains provide products, services and supplies to the state’s businesses, and a large number of people out sick could mean difficulty in getting goods, services and supplies to companies, causing a slowdown. Among the businesses taking a bit hit is the hospitality industry, with the cancellation of conventions, major mee

WBAL: Franchot Says Focus Should Be On Coronavirus, Not Tax Increase In Annapolis

Maryland Comptroller Peter Franchot joined WBAL NewsRadio 1090 and FM 101.5 to discuss the significant impact the coronavirus will have on the state's economy. He said the focus in Annapolis should on the public health concern and not a tax increase to fund the Kirwan Commission's recommendations. "We're right at the beginning ... of a very significant economic situation in the state," Franchot told WBAL's Bryan Nehman. "(Lawmakers in) Annapolis, for some reason, is in a bubble right now and folks are ... in a rush to increase, if you can believe it, taxes by billions," Franchot told Nehman. "As if the house is not collapsing around us right now because of the coronavirus's impact on our sta

The Baltimore Sun:Top Maryland finance official warns coronavirus could cause ‘prolonged, full-blown

Maryland’s Board of Revenue Estimates declined Thursday to make updated projections about how much in taxes the state will collect due to economic uncertainty caused by the spread of coronavirus. The three-member panel of Comptroller Peter Franchot, State Treasurer Nancy Kopp and Maryland budget secretary David Brinkley voted unanimously to maintain the projections about the state’s budget made in December. Franchot said the projections “are meant to serve as a placeholder as we await to learn the impact that the COVID-19 pandemic will have on our country and our state.” Bureau of Revenue Estimates Director Andrew Schaufele says it’s unclear whether the virus will cause a short economic hit

Baltimore Business Journal: Comptroller Franchot: Md. businesses will have extra time to file

Companies in Maryland will have more time to file business-related taxes under a change announced by Comptroller Peter Franchot Wednesday. The June 1 extension is designed to give businesses affected by the the novel coronavirus more time to file and "protect the financial health of our economy," Franchot said in a statement. A similar extension is also likely to be granted for individual income tax returns, but that decision has not been made yet. For now, the extension applies to certain business returns with due dates during the months of March, April and May. Those business filings include; Sales and use tax Withholding tax Admissions and amusement tax Alcohol, tobacco and motor fuel exc

The Baltimore Sun: Comptroller Peter Franchot blocks ‘questionable’ returns from 21 tax preparers, 2

Two Anne Arundel County tax preparers were among 21 such companies at 22 locations in the state whose electronic tax returns were blocked by Maryland Comptroller Peter Franchot due to “a large volume of questionable returns received," the office announced Thursday in a press release. “By stopping these deceptive preparers and their unethical behavior, we protect hardworking taxpayers and save the state millions of dollars in unwarranted refunds,” Franchot said in the release. “Our Questionable Returns Detection Team is the best in the business at ensuring fraudulent filings are not processed. This benefits honest taxpayers and safeguards the state’s coffers.” The two Anne Arundel County loca

Baltimore Sun: Comptroller Franchot urges reconsideration of Maryland Insurance Administration lease

Maryland Comptroller Peter Franchot wants a key state board he serves on to reexamine its approval of a lease extension for the Maryland Insurance Administration, citing “misinformation” presented to the board and a new ruling that the agency’s lease award violated procurement laws. Franchot, who sits on the Board of Public Works along with Gov. Larry Hogan and state Treasurer Nancy Kopp, raised concerns Wednesday about information given the board in January before it approved the state agency’s lease in downtown Baltimore. Franchot had voted against the renewal at St. Paul Plaza Office Tower, while the governor and Kopp had voted in favor. The issue resurfaced Wednesday during the public wo

WTOP: Md. OKs $8.7M in compensation for 3 wrongly imprisoned for 36 years

Three men who were wrongly imprisoned as teenagers 36 years ago for killing a 14-year-old in Baltimore will be receiving $8.7 million in compensation from the state. The Maryland Board of Public Works on Wednesday voted for the compensation for Alfred Chestnut, Ransom Watkins and Andrew Stewart, who were sentenced to life in prison in 1984 for killing DeWitt Duckett over a Georgetown University basketball jacket the previous year. Comptroller Peter Franchot said the compensation was based on Maryland’s median household income of $81,868 per year, and called it “a small, inadequate healing.” “We chose that [number] intentionally,” Franchot said, because the convictions “deprived these men of

Capital Gazette: Annapolis tax preparer convicted for filing false tax returns, Maryland Office of t

An Annapolis woman was convicted on two counts of filing false tax returns in Anne Arundel County Circuit Court, the Maryland Office of the Attorney General said Tuesday. Judge Michael Wachs sentenced Michelle L. Swink, 44, to five years incarceration, suspending all but one weekend, and five years supervised probation, the office wrote in a news release. As a condition of her probation, Swink is prohibited from acting as a tax preparer and is required to pay restitution of $72,000 to the Comptroller of Maryland. Swink, who was a registered tax preparer, owned and operated Noncents, a tax preparation service located on Forest Drive in Annapolis, from 2015 to 2017. Many of the Maryland tax re

Recent Posts

B Y  A U T H O R I T Y :  F R I E N D S   O F   P E T E R   F R A N C H O T   |   T O M   G E N T I L E ,   T R E A S U R E R