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House Committee Approves Repeal Of Tech Tax

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Apr 5, 2008 12:31 pm US/Eastern

House Committee Approves Repeal Of Tech Tax

ANNAPOLIS, Md. (AP) ― A House committee has approved a repeal of a tax on computer services.

The 13-8 vote by the House Ways and Means Committee sends the repeal measure to the full House.

The bill resembles a repeal measure already passed by the Senate to end the tax and make up for the resulting $200 million budget hole.

It includes a new tax on people who make more than $1 million a year. It also includes $50 million in cuts to transportation and another $50 million in cuts that will be determined later by the Board of Public Works.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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