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Hogan Announces $1 Billion In COVID Relief

  • Anne Arundel County
  • By

ANNAPOLIS, Md. -- Maryland Governor Larry Hogan announced a plan for $1 billion in economic aid for Marylanders hit by the economic effects of COVID-19.

Speaking at a press conference, Hogan said passing the Relief Act of 2021 is the primary focus of the upcoming 2021 Maryland Legislature session. "America is going through one of the worst economic crises in our country's history."

Hogan said he'd already had productive discussion with the Maryland Senate President and the Speaker of the House.

He said the legislation targets more than $1 billion in immediate and targeted financial relief and tax cuts for families, small businesses, and those who have lost their jobs.

Included in the package:

  • $267 million in direct stimulus payments to Marylanders in need
  • An extra $750 for families who receive and earned income tax credit. No application is required. When the bill passes, the money will be deposited into their accounts.
  • $180 million in tax relief for the unemployed. The bill repeals local and state income tax on unemployment benefits.
  • $300 million in tax relief for restaurants and small businesses.  Businesses can keep up to $12,000 in sales tax over the next 4 months.

Hogan said he couldn't think of a more important piece of legislation and that he was confident that Maryland lawmakers would pass the act. 

 

 

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