The Maryland General Assembly passed and Governor Hogan signed into law a bipartisan relief package for Marylanders still affected by the pandemic. The Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act, provides over $1.5 billion in pandemic relief. The RELIEF Act will infuse the State’s economy with $509.0 million in spending and provide over $1.0 billion in tax relief and credits.

Among the provisions of this bill:

  • Unemployment insurance payments will be exempt from the State income tax, keeping over $225.0 million in the pockets of unemployed Marylanders.
  • Allow small businesses to keep sales tax collections of up to $9,000 over three months
  • Forgives MD taxes on COVID loans and grants
  • Marylanders who qualified for the earned income tax credit in 2019 will be provided with stimulus payments of up to $500, putting over $175.0 million immediately in the hands of low–income individuals and families.