ADA finance committee hearing on the bill, initially set for October, was rescheduled to allow Scott to be briefed by the finance department, Middleton said. Baltimore was exempted from a 25-cent cap on the tax, “and is therefore authorized to set its own rate,” according to the Finance Department. The state comptroller’s office — not the city Finance Department — would collect ride-hailing taxes and remit the money to the city, but any taxes on taxis still would be collected by the city. Those nearly 9 million rides per year would net about $2.1 million in annual ride-hailing tax revenue, given a 25-cent-per-ride tax. Baltimore’s Finance Department also recommended doubling the tax rate to 50 cents to generate $4.2 million per year.

Source: Washington Post January 25, 2020 21:44 UTC