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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.