Administrative:
Maryland Bulletin Provides Guidance and Procedures for Submitting Petitions for Private Letter Rulings
Technical Bulletin No. 44, Md. Comptroller of the Treasury (12/22/23); News Release, Md. Comptroller of the Treasury (1/2/24). The Maryland Comptroller of the Treasury (Comptroller) issued a new bulletin that provides guidance and detailed procedures for submitting a petition for private letter ruling (PLR), reflecting legislation enacted in 2022 [see S.B. 477 (2022), and State Tax Matters, Issue 2022-20, for more details on this legislation] that established a “Legal Division” in the Comptroller’s Office to, among other tasks, implement duties relating to PLRs. The bulletin explains that PLRs are a formal type of guidance issued by the Comptroller to a specific taxpayer, and they are intended to address complex or novel questions applying to a specific prospective transaction. A related news release states that the Comptroller’s Office began accepting PLR petitions on January 2, 2024. Please contact us with any questions.
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