Legislation
- Title
- Maryland Child Tax Credit
- Sponsored by
- Senator King
- Status
- In the Senate - Hearing 2/26 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.
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(
10-751 )
Last Updated: 9/22/2020 3:14 PM