HomeBusinessMaryland lawmakers discuss tax relief package

Maryland lawmakers discuss tax relief package

ANNAPOLIS, Md. (AP) — Lawmakers within the Maryland House of Delegates outlined a tax-relief package on Friday that may steer about $300 million over 5 years to working and center class households, partly by chopping the state’s gross sales tax on items like diapers, automotive seats and diabetic care merchandise.

House Speaker Adrienne Jones made the announcement with different House leaders and delegates who’re sponsoring the laws. The speaker stated regardless of federal help to deal with the influence of the COVID-19 pandemic and the document quantity of state relief accredited final yr, households are nonetheless struggling to make ends meet and afford primary requirements.

“As the price of basic goods continues to rise, it’s getting harder and harder for working families’ budgets to keep up with rising costs,” stated Jones, a Baltimore Democrat. “It’s clear that any extra cash we can put back in the pockets of struggling Marylanders and boost their budgets makes a difference.”

Under one measure, the state’s 6% gross sales tax wouldn’t apply to child merchandise like diapers, automotive seats and child bottles. Another proposal exempts dental hygiene merchandise like toothbrushes and toothpaste from the gross sales tax.

The gross sales tax additionally wouldn’t apply to diabetic care merchandise, underneath one other invoice within the package.

“Cutting the sales tax on medical devices and diabetic care products will give Marylanders on fixed incomes and those providing home care to family members critical relief on products that can be extremely expensive,” stated Del. Vanessa Atterbeary, a Howard County Democrat who chairs the House Ways and Means Committee.

Del. Eric Luedtke, a Montgomery County Democrat, is sponsoring a invoice to create a state match to the federal Work Opportunity Tax Credit for employers who rent and retain employees from underrepresented communities who constantly battle for job alternatives.

The focused teams for the credit score embrace individuals who obtain Temporary Assistance for Needy Families, veterans, individuals experiencing long-term unemployment, individuals whose households obtain Supplemental Nutrition Assistance Program advantages, in addition to residents who’re vocational rehabilitation licensed with a bodily or psychological incapacity.

“This program is proven to break the cycle of unemployment for those who participate,” stated Luedtke, the House majority chief.

The gross sales tax exemptions, which might be everlasting underneath the laws, would apply to everybody. The work alternative tax credit score measure would apply to tax years 2022 by 2028.

Copyright © 2022 The Washington Times, LLC.

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