Legislation
- Title
- Maryland Child Tax Credit
- Sponsored by
- Delegates Palakovich Carr, Acevero, D. Barnes, Barve, Boyce, Bridges, Cardin, Charkoudian, Crutchfield, D.M. Davis, Ebersole, Feldmark, Fraser-Hidalgo, Healey, Ivey, Kelly, Korman, Lehman, R. Lewis, Lierman, Lopez, Love, Mosby, Patterson, Pena-Melnyk, Qi, Queen, Ruth, Shetty, Smith, Solomon, Stewart, Washington, Wells, Wilkins, and P. Young
- Status
- In the House - Hearing 2/21 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
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 certain dependent children under certain circumstances; providing that the credit is equal to $500 for each qualified child; 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, 2025; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Committee Testimony
Details
History
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Statutes
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10-751 )
Last Updated: 9/22/2020 2:11 PM