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Bill > H2762


MA H2762

MA H2762
To increase family stabilization through the earned income tax credit


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to the earned income tax credit. Revenue.

AI Summary

This bill aims to increase family stabilization through the expansion of the Earned Income Tax Credit (EITC). The key provisions include: 1. Expanding the eligibility for the EITC to include eligible students and individuals with earned income or federal adjusted gross income above the maximum EITC threshold but not exceeding the new maximum earned income threshold. 2. Increasing the EITC credit percentage for each additional qualifying child above 3 children. 3. Requiring the Department of Revenue to take various measures to ensure the widest possible dissemination of information about the EITC, including posting multilingual information on its website, providing employers with a multilingual poster and notice, and coordinating a notification system for EITC eligibility. 4. The amendments made in this bill will apply to tax years beginning on or after January 1, 2022.

Committee Categories

Budget and Finance

Sponsors (31)

Last Action

Accompanied a study order, see H4728 (on 06/24/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H2762
BillText https://malegislature.gov/Bills/193/H2762.pdf
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