MD Senate Bill 881 Fiscal and Policy Note

This bill creates a nonrefundable credit against the State income tax for up to 100% of the federal Work Opportunity Tax Credit claimed for the employment of an individual who under the federal credit is a qualified recipient of the Supplemental Nutrition Assistance Program (SNAP), Temporary Assistance for Needy Families (TAN), long-term family assistance, or long-term unemployment. Any unused amount of the credit may not be carried forward to any other tax year. The bill takes effect July 1, 2021, and applies to tax years 2021 and beyond.