ANNAPOLIS, MD - Governor Larry Hogan announced today a $1 billion bill called the Relief Act of 2021. This act is designed to help MD residents, small businesses, and those who lost their jobs due to the Covid-19 Pandemic.
Hogan said. "...today, I am announcing our top legislative priority, the Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families, or the RELIEF Act of 2021, which will provide $1 billion in immediate, targeted financial relief and tax cuts for Maryland's working families, small businesses, and those who have lost their jobs and are suffering financially as a result of the COVID-19 pandemic."
Under the bill, $267 million will be direct stimulus payments. $180 million is for tax relief for laid-off residents, and $300 million is set aside for small businesses tax relief to save jobs
The stimulus payments are total benefits up to $750 for families and $450 for individuals.
See his full press conference below