Washington, D.C. — TechNet, the national bipartisan network of innovation economy CEOs and senior executives, today issued the following statement after litigation was filed challenging the Maryland Digital Gross Revenues Tax. The following can be attributed to TechNet President and CEO Linda Moore:

While the legislation is designed to directly target certain large, mostly out-of-state companies, it will ultimately be bad for Maryland businesses of all sizes. The bill is fundamentally flawed and unlikely to survive a legal challenge. Instead of spending scarce resources defending a discriminatory charge, the state should repeal the law and focus on policies that support the many businesses already suffering from the COVID-19 pandemic.”