Maryland HB363 authorizes a credit against county income tax for qualified children of taxpayers.

Maryland HB363 allows counties to provide a credit against county income tax for each qualified child of a taxpayer. A qualified child is a dependent who meets specific criteria, such as being under a certain age or having a disability. The credit amount is reduced for taxpayers with federal adjusted gross income exceeding a threshold. Counties may also decide whether to allow refunds if the credit exceeds the total county income tax. The law takes effect June 1, 2026, and applies to taxable years beginning after December 31, 2026.

Maryland HB363 authorizes a credit against county income tax for qualified children of taxpayers.

Maryland HB363 allows counties to provide a credit against county income tax for each qualified child of a taxpayer. A qualified child is a dependent who meets specific criteria, such as being under a certain age or having a disability. The credit amount is reduced for taxpayers with federal adjusted gross income exceeding a threshold. Counties may also decide whether to allow refunds if the credit exceeds the total county income tax. The law takes effect June 1, 2026, and applies to taxable years beginning after December 31, 2026.