ANNAPOLIS, Md. (June 8, 2020) – Despite challenges created by the COVID-19 pandemic, Comptroller Peter Franchot today announced that the first phase of the agency’s new tax processing system, called Compass, will launch on time on July 6.
The $160 million Compass will upgrade the state’s tax processing system and integrate with the data warehouse to create a state-of-the-art program that will expand revenue-generating projects, provide enhanced reporting functionality and make it easier for taxpayers to view and manage their accounts online.
The first phase of the system upgrade focuses on alcohol tax collection and license renewals. The process will be more automated and many forms have been condensed and streamlined to save taxpayers time and allow for quicker customer service.
The Compass integrated tax system will continue to be implemented over the next several years, with corporate taxes launching in the first quarter of 2021, followed by business taxes and individual income taxes in 2022.
When fully implemented, some of the benefits will be improved fraud detection and prevention programs, increased ability for taxpayers to manage their accounts via an online portal, maximized compliance with best-practice security standards and maximized audit, collection, reporting and estimating functionality.
For more information visit:marylandtaxes.govComptroller of maryland
June 8, 2020