Bill

Bill > H2563


MA H2563

MA H2563
Relative to the Earned Income Tax Credit


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to the earned income tax credit. Revenue.

AI Summary

This bill proposes to gradually increase the percentage used to calculate the Earned Income Tax Credit (EITC), a tax credit for low-to-moderate income working individuals and families, over several years. Specifically, it amends a section of the General Laws related to income tax by changing a figure from 15% to 17.5% effective January 1, 2016, then to 20% effective January 1, 2017, followed by an increase to 22.5% effective January 1, 2018, and finally to 25% effective January 1, 2019.

Committee Categories

Budget and Finance

Sponsors (14)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

bill text


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