Comptroller of Maryland Duties
Since the office was created by the Maryland Constitution of 1851, it has grown from a comptroller and one clerk to an agency of 1,100 employees. Peter Franchot, former member of the Maryland House of Delegates, was elected Maryland's 33rd comptroller in 2006.
The principal duty of this office is to collect taxes. With a budget of $110 million, the agency collects approximately $16 billion a year in state and local tax revenue and provides 12 branch offices throughout the state.
The major revenue sources are individual and business income taxes and sales and use taxes. The agency also collects taxes on motor fuel, estates, admissions and amusement, and alcohol and tobacco. It also tests motor fuel to ensure the quality of the product for the consumer.
By enforcing the collection of use tax, the comptroller's goal is to provide a level playing field for local businesses in competing with out-of-state retailers who sell through catalogs and on the Internet. Enforcement agents control the smuggling of untaxed cigarettes and alcohol into the state.
The comptroller audits taxpayers for compliance, handles delinquent tax collection, and enforces license and unclaimed property laws. The agency publicizes forgotten bank accounts, insurance benefits and other unclaimed assets of taxpayers.
The office provides information technology services critical to the daily operation of most state agencies. Acting as Maryland's chief accountant, the comptroller pays the state's bills, maintains its books, prepares financial reports, and pays state employees.