Maryland approves coronavirus relief bill that would Give $500 to Marylanders
On Friday, Maryland passed a sweeping state stimulus package of nearly $1.2 billion, including an anti-poverty measure that would send cash grants for the next three years to the state's poorest people. The plan also will benefit small businesses, nonprofits, food banks, and the unemployed, among many others, pumping the largest infusion of state tax dollars into the state.
The plan passed Friday will include (Noncitizens don’t qualify for those benefits under existing laws.)
checks of up to $500 to Maryland’s poorest families and $300 to its poorest single filers. It will then increase these funds for 3 years with huge money refunds after individuals file their tax returns.
It will then augment those payments for three years with big cash refunds after people file their tax returns.
For a family with two children that earns $25,000 a year, that would mean $1,100 in additional payments each year for the next three years.
the package would offer up to $9,000 in tax relief for small businesses.
$1,000 checks to people with unemployment claims in limbo.
It cuts the tax burden for middle- and lower-income people who have been on unemployment, and creates grants for an array of industries that have struggled during the pandemic.