Governor Larry Hogan today signed the bipartisan RELIEF Act of 2021, which delivers more than $1 billion in tax relief and economic stimulus for struggling Maryland families and small businesses that are suffering as a result of the COVID-19 pandemic. Review the Relief Act one-pager here.
Legislative Highlights:
- Direct stimulus payments for low to moderate-income Marylanders.
- Enhancements of the Earned Income Tax Credit.
- Repeal of all state and local income taxes on unemployment benefits for tax years 2020 and 2021.
- Sales tax credit of up to $3,000 per month, for three months, to small businesses.
- Unemployment tax relief for small businesses.
- Additional $500 million in new funding for businesses and non-profits, housing, health, unemployment insurance, energy assistance, education, and human services.
$60 Million Pandemic Relief Grant Program for Child Care Providers:
Licensed child care centers and registered family child care providers are eligible to apply for Child Care Pandemic Relief Fund grants to help meet increased operation costs during the COVID-19 pandemic. Through the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, Maryland received additional federal funding to support child care for children and families. Applications open today, February 16th. For more information and to apply go here.
