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Statutes Text

Article - Tax - General

§10–751.    IN EFFECT

    // EFFECTIVE UNTIL JUNE 30, 2023 PER CHAPTER 40 OF 2021 //

    (a)    (1)    In this section the following words have the meanings indicated.

        (2)    “Qualified child” means a dependent of a taxpayer, if the dependent:

            (i)    is a dependent for purposes of § 152 of the Internal Revenue Code; and

            (ii)    1.    is under the age of 17 years; and

                2.    is a child with a disability, as defined under § 8–401 of the Education Article.

        (3)    “Taxpayer” means:

            (i)    an individual filing an income tax return; or

            (ii)    a married couple filing a joint income tax return.

    (b)    A taxpayer who has federal adjusted gross income for the taxable year of $6,000 or less may claim a credit against the State income tax for each qualified child in an amount equal to $500.

    (c)    The amount of the credit allowed under subsection (b) of this section for a qualified child shall be reduced, but not below zero, by the amount of any federal child tax credit claimed against the federal income tax for the qualified child under § 24 of the Internal Revenue Code.

    (d)    If the credit allowed under this section in any taxable year exceeds the State income tax for that taxable year, the taxpayer may claim a refund in the amount of the excess.

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