MD SB638 | 2020 | Regular Session

Note: Carry Foward to future SB218

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/26 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Maryland Child Tax Credit

Sponsors


History

DateChamberAction
2020-02-10SenateHearing 2/26 at 1:00 p.m.
2020-02-10SenateHearing canceled
2020-02-06SenateHearing 2/26 at 2:00 p.m.
2020-02-03SenateFirst Reading Budget and Taxation

Same As/Similar To

SB638 (Carry Over) 2020-02-10 - Hearing 2/26 at 1:00 p.m.
HB912 (Crossfiled) 2020-02-05 - Hearing 2/21 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10751(n/a)See Bill Text

Maryland State Sources


Bill Comments

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