Bill > HB608

This bill expands the eligibility for the Maryland earned income tax credit (EITC) for individuals without qualifying children. It alters the income thresholds at which the credit phases out, and provides that the income threshold and phase-out amounts will be adjusted annually for inflation after the 2023 tax year. The bill also removes the $530 cap on the credit amount for individuals without qualifying children for taxable years beginning after December 31, 2019. These changes are aimed at increasing the accessibility and benefits of the EITC for low-income Maryland residents without dependents.