- Title
- Income Tax - Child Tax Credit and Expansion of the Earned Income Credit
- Sponsored by
- Senator King
- Status
- In the Senate - Returned Passed
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Altering the calculation of the Maryland earned income credit to allow certain residents to claim the credit; allowing certain taxpayers with federal adjusted gross income for the taxable year that is $6,000 or less to claim a credit against the State income tax for each qualified child in an amount equal to $500; allowing certain taxpayers to claim a refund in the amount of any excess credit; applying the Act to taxable years beginning after December 31, 2019, but before January 1, 2023; etc.
Committees
- Opposite:
- Ways and Means Click to view Recorded Media
Committee Testimony
Details
History
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File Code
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Subjects
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Statutes
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(
10-704,
10-751 )
Last Updated: 3/1/2021 2:53 PM