Income Tax - Earned Income Tax Credit - Alteration and Sunset Repeal
What this bill does
Altering, for a taxable year beginning after December 31, 2022, the percentage of the federal earned income tax credit used for determining the amount that an individual may claim as a refund under the Maryland earned income tax credit; repealing, for a taxable year beginning after December 31, 2021, a certain limitation on the amount certain individuals may claim as a refund under the credit; allowing certain residents to continue to claim the credit for taxable years beginning after December 31, 2022; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.