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The current Comptroller of Maryland is Brooke Lierman (D), currently serving her term (2023–present). [2] The comptroller appoints two deputy comptrollers and a chief of staff. [3] The Field Enforcement Unit (FEU) is the enforcement arm of the office. The FEU employs state agents, who are fully certified police officers, comparable to IRS agents.
The comptroller's office was established by the second Maryland Constitution of 1851 due to concern for potential fraud and corruption in the administration of the public treasury. [6] Pursuant to this mandate, the comptroller effectively functions as Maryland's chief financial officer .
Since 2021, the Treasurer of Maryland has been Dereck E. Davis. [1] From 1775 until 1843, Maryland had a separate state treasurer for both the eastern and western shores. In 1843, the office of the Treasurer of the Eastern Shore was abolished, and the Treasurer of the Western Shore assumed responsibility for both sides of the Chesapeake Bay ...
The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States, or the chief financial officer of a corporation. Current state treasurers or equivalents
Maryland offers several programs that may help offset property tax increases, including the Homestead Tax Credit, for low-income property owners, and the Renter's Tax Credit Program.
[10] The Commissioner reports to the Secretary of the Treasury through the Deputy Secretary of the Treasury. [11] One of the Commissioner's most important responsibilities with respect to the internal revenue laws is setting the Treasury Regulations administered by the IRS. The U.S. Treasury Regulations provide (in part): (a) Issuance.
The office was established by the Maryland Constitution of 1851 due to concern about the potential for fraud and corruption in the administration of the public treasury. The constitutional duties of the office begin with the broad mandate to exercise "general superintendence of the fiscal affairs of the State", which includes collecting taxes ...
The Office represents the Secretary of the Treasury on the Federal Accounting Standards Advisory Board (FASAB), Joint Financial Management Improvement Program (JFMIP), and the Library of Congress and National Archives Trust Fund Boards, is a statutory member of the government wide Chief Financial Officers Council, and serves as liaison to the ...