Bill > S1793

This bill seeks to increase family stabilization through the Earned Income Tax Credit (EITC). The key provisions are: 1. Expanding the eligibility for the EITC to include eligible students and individuals with earned income or adjusted gross income greater than the maximum allowed for the federal EITC, but not exceeding the state's maximum earned income threshold. 2. Increasing the EITC credit percentage for each additional qualifying child above 3 children by 5 basis points. 3. Allowing married taxpayers who are victims of domestic abuse and filing separately to claim the EITC. 4. Requiring the state to take various measures to ensure wide dissemination of information about the EITC, including posting multilingual information online, providing employers with posters and notices, and collaborating with various organizations to spread awareness. The provisions of this bill are set to apply to tax years beginning on or after January 1, 2024.

Budget and Finance

https://malegislature.gov/Bills/193/S1793