Md. Mulls Increasing Low-Income Renters Tax Credit

Law360, New York (February 3, 2014, 4:47 PM EST) -- Bills introduced Friday in Maryland's Legislature would increase the amount of the state's tax credit for low-income apartment renters.

The legislation would increase the maximum amount of the credit from $750 to $1,500 and make other changes to how the tax credit is calculated. Maryland, like many other states, provides low-income residents with credits that are intended to reimburse them for the part of their rent that goes toward a building owners' property taxes.

Companion bills were introduced by Maryland Senator C. Anthony Muse, D-Prince George's...
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