MD HB363

Authorizes Maryland counties to establish a local child tax credit against county income tax for qualifying dependent children under age 6, or under age 17 if the child has a disability

Sets eligibility at taxpayers with federal adjusted gross income below $15,000, with the credit reduced by $50 for each $1,000 of income above that threshold

Requires taxpayers and qualifying children to be county residents (domiciled or maintaining principal residence) on the last day of the taxable year

Gives counties discretion to set the credit amount and determine whether excess credits are refundable

Counties must notify the Comptroller by July 1 before the first taxable year the credit applies; effective for tax years beginning after December 31, 2026