2009 House Bill 4514 ↩

Senate Roll Call 521: Passed

To eliminate an increase in the <a href="http://www.michiganvotes.org/2006-SB-453">earned income tax credit</a>, which under current statute will go from 10 percent to 20 percent of the federal EITC for the 2009 tax year. The EITC is a refundable credit (or “reverse income tax”) for low income workers. It is estimated that the increase add $160 million to the current budget shortfall. The bill authorizes phasing in an increase over four years.