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2017 Senate Bill 26: Increase state EITC
Introduced by Sen. David Knezek (D) on January 18, 2017 To increase the state earned income tax credit from an amount equal to 6 percent of the federal EITC, to 20 percent. This is a “refundable” credit for low income workers (meaning that a check is sent to the taxpayer for the amount the credit exceeds taxes owed). According to past fiscal agency analyses, an increase to 20 percent would distribute around $261 million annually.   Official Text and Analysis.
Referred to the Senate Finance Committee on January 18, 2017

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