Can someone explain this to me please?

I was looking for info on the tax rebate stimulus package and found this: Rebate. An eligible individual will receive a basic credit equal to the greater of: (1) his net income tax liability up to a maximum of $600 ($1,200 for a joint return); or (2) $300 ($600 for a joint return) if either (a) the taxpayer's qualifying income is at least $3,000; or (b) his net income tax liability is at least $1 and gross income is greater than the sum of the applicable basic standard deduction amount and one personal exemption (two personal exemptions for a joint return). Qualifying income is earned income generally, veterans' disability payments (including payments to survivors of disabled veterans), and social security benefits. There will be an additional $300 per-child credit amount. http://ria.thomson.com/taxwatch/default.asp Does this mean if you had $0 tax liability that you will not get the rabate? For example, we made about $40k but got back all our taxes b/c we have 4 kids.

Public Comments

1. your still qualified...$1200(married couple) plus $300/child x 4 = $1600 Total of $2800 wow.....enjoy note: $600 if you guys only make atleast $3000
2. It says you will get the GREATER of either (1) or (2). (1) is your net tax liability, which according to you is zero. (2) is $300 per person. So, which is greater? That's what you get. (Also, you'll get an additional $300 per child.)
3. That line "the greater of the two" is the key. You will still get the rebate. God Bless America......I guess.
4. I always hate those clarifications that end up confusing so many people. The bottom line is that EVERYONE who earned $3,000 or more gets a $300 rebate regardless of whether or not they received a full refund of all taxes paid. ANYONE who is eligible for a rebate, including this lowest category, is eligible for the $300 per child rebate as well. Hope this helps.
5. Reading it that way, it would appear that you would get a basic rebate of $600, plus an additional $300 per child ($1,200) for a grand total of $1,800.