February 8, 2021

$1.5 Billion RELIEF Act Advances Through Legislature

With Unanimous Senate Approval, Pandemic Stimulus Plan Goes to House of Delegates 

Senators added $520 million to Hogan’s proposed RELIEF Act – with aid for education, business, health, housing, transportation and unemployment.

The Senate proposal offers direct stimulus payments as follows:

If you qualified for Earned Income Credit (EIC) in the 2019 tax year, the following applies to you:

    • (i) $300 for an individual other than an individual described under items (ii) or (iii) of this item;
    • (ii) $250 for an individual filing as married filing separately; or
    • (iii) $500 for spouses filing a joint return or for a surviving spouse or head of household as defined in § 2 of the Internal Revenue Code.

AND, if you qualified for EIC in the 2020 tax year, the following applies to you:

    • (i) $150 for an individual other than an individual described under items (ii) or (iii) of this item;
    • (ii) $125 for an individual filing as married filing separately; or
    • (iii) $250 for spouses filing a joint return or for a surviving spouse or head of household as defined in § 2 of the Internal Revenue Code.

It also repeals all state and local income taxes on unemployment benefits.

Small business support includes $125 million to fund the following:

  • $12,000 in sales tax credits and an emergency grant and loan program for nearly 3,000 businesses, prioritizing those that have not received prior assistance
  • $25,000 grants for 400 hotels and hospitality venues; additional grants for entertainment venues
  • $10 million for the Maryland Small Business Development Financing Authority, providing $25,000 grants for disadvantaged businesses
  • Job training, grants for rural, agricultural, “main street” and distressed communities
  • Tourism marketing support

 

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