Loophole's closure could benefit Rosaryville State Park

The possibility of closing the 982-acre Rosaryville State Park in Upper Marlboro appears to have been averted as the Maryland General Assembly voted to end corporate tax loopholes to generate funds for the state park system before its special session closed Monday morning in Annapolis....

Gov. Martin O'Malley (D) led the lawmakers to raise $1.3 billion in additional taxes with an estimated $4.2 million going to keep the parks open, said Olivia Campbell, a spokeswoman for the Maryland Department of Natural Resources....

The new tax law that passed at the end of the special session closes a loophole that enables corporations to skip transfer taxes and real estate recordation taxes, or 2 percent of sales prices paid by residents and small businesses....