2014 Senate Bill 847 ↩

Senate Roll Call 917: Passed

To increase the state Earned Income Tax Credit, which makes payments to low income wage earners. The measure will not become law unless voters approve an increase to the state sales tax in a May 5, 2015 election; reportedly the bill was passed to gain Democratic votes for the two-thirds majority required to place that on the ballot. This was added to the original provisions of the bill, which increase the property tax credit a homeowner or renter can claim against the state income tax, by lowering the income threshold in the formula used to calculate this “homestead” or principle residence exemption.