Introduced
by
To eliminate the <a href="http://www.michiganvotes.org/2006-SB-453">earned income tax credit</a> authorized in 2006, grants recipients an amount equal to 20 percent of the federal EITC. The EITC is a refundable tax credit (or “reverse income tax”) that sends checks to low income workers. Under it, more than $300 million worth of Michigan tax revenue is redistributed annually to workers who have low incomes.
Referred to the Committee on Finance
