House Leaders Unveil $300M “Family Budget Boosters” Tax Relief Package

House Democrats last week unveiled a legislative package that would provide $300 million over the next five years in targeted tax relief by cutting sales taxes on basic family necessities and providing a state match for a federal program that incentivizes employers to hire chronically unemployed workers.

The “Family Budget Boosters” legislative package includes several bills that would exempt diapers, baby bottles, infant car seats, toothbrushes, toothpaste, floss, home medical devices, diabetic care items, and more from the sales tax. The proposal also includes a bill to create a state match for the Work Opportunity Tax Credit, a federal program that helps long-term unemployed workers find work.

According to Maryland Matters:

The House, [House Majority Leader Eric Luedtke] said, is committed to bringing these bills to the floor in the next few weeks, and other provisions will likely be sorted out as budget negotiations continue. The deadline for the General Assembly to pass a fiscal year 2023 budget is March 30.

Stay tuned to Conduit Street for more information.