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Governor Hogan’s $1 Billion Emergency Stimulus and Tax Relief

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On: 05/05/2021

Governor Hogan’s emergency legislative package, RELIEF Act of 2021, will provide more than $1 billion in direct stimulus and tax relief for working families, small businesses and those that have lost their jobs as a result of the COVID-19 pandemic.

Supports small businesses with sales tax credits of up to $3,000 per month for four months— for a total of up to $12,000—freeing-up much needed resources to protect payrolls and sustain operations. This relief will directly help more than 55,000 Maryland small businesses. ($300 million).

Extends unemployment tax relief for small businesses, staving off sudden and substantial tax hikes in 2021. This provision codifies an emergency order the governor issued last month. ($218 million).

Safeguards Maryland businesses against any tax increase triggered by the use of state loan or grant funds. ($40 million).

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