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2024 SESSION

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HB 621 Income tax, state; eligible low-income taxpayers to claim a refundable tax credit.

Introduced by: Marcia S. "Cia" Price | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Earned income tax credit. Allows eligible low-income taxpayers to claim a refundable income tax credit equal to 20 percent of the federal earned income tax credit claimed that year by the taxpayer for the same taxable year. The bill also states that individuals who would have been entitled to the federal equivalent of this credit but for the fact that the individual, the individual's spouse, or one or more of the individual's children does not have a valid social security number are eligible to claim this credit.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24100960D  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24100960D
• 01/09/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #3
• 02/05/24  House: Subcommittee recommends continuing to 2025 with amendment(s) (7-Y 0-N)
• 02/07/24  House: Continued to 2025 with amendment(s) in Finance by voice vote