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§ 10-751. Tax credit for qualified child

West's Annotated Code of MarylandTax-GeneralEffective: June 1, 2023

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 7. Income Tax Credits (Refs & Annos)
Effective: June 1, 2023
MD Code, Tax - General, § 10-751
§ 10-751. Tax credit for qualified child
Currentness
Definitions
(a)(1) In this section the following words have the meanings indicated.
(2) “Qualified child” means a dependent of a taxpayer, if the dependent:
(i) is a dependent for purposes of § 152 of the Internal Revenue Code; and
(ii) 1. is under the age of 6 years; or
2. A. is under the age of 17 years; and
B. is a child with a disability, as defined under § 8-401 of the Education Article.
(3) “Taxpayer” means:
(i) an individual filing an income tax return; or
(ii) a married couple filing a joint income tax return.
In general
(b) A taxpayer who is a resident and has federal adjusted gross income for the taxable year of $15,000 or less may claim a credit against the State income tax for each qualified child in an amount equal to $500.
Refund
(c) If the credit allowed under this section in any taxable year exceeds the State income tax for that taxable year, the taxpayer may claim a refund in the amount of the excess.

Credits

Added by Acts 2021, c. 40, § 1, eff. March 5, 2021. Amended by Acts 2023, c. 3, § 1, eff. June 1, 2023; Acts 2023, c. 4, § 1, eff. June 1, 2023.
MD Code, Tax - General, § 10-751, MD TAX GENERAL § 10-751
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document