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1997 SESSION

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HB 2692 Earned-income credit.

Introduced by: Linda T. Puller | all patrons    ...    notes | add to my profiles

SUMMARY:

Earned-income credit. Allows a refundable earned-income credit for individuals whose annual income does not exceed $19,000. The amount of the credit is equal to a percentage of their federal earned-income credit. For individuals earning $11,000 or less, the credit is 10 percent of the federal earned-income credit. As an individual's income increases by increments of $1,000, the amount of the state credit declines by one percent of the federal credit amount, with individuals having an income between $18,000 and $19,000 receiving a credit of two percent of the amount of the federal credit. The credit will be available for taxable years beginning on and after January 1, 1997.

FULL TEXT

• 01/20/97  House: Presented & ordered printed 975732410  pdf

HISTORY

• 01/20/97  House: Presented & ordered printed 975732410
• 01/20/97  House: Referred to Committee on Finance
• 01/21/97  House: Assigned to Finance sub-committee: 1
• 02/04/97  House: No action taken by Finance by voice vote