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Legislation


2012 Regular Session

SENATE BILL 943

File Code: Taxes - Income Crossfiled with: HOUSE BILL 331
Sponsored By:
Senators Madaleno, Currie, McFadden, and Raskin
Entitled:
Income Tax - Refundable Earned Income Credit

Synopsis:

Increasing from 25% to 30% the percentage of the earned income credit allowable for the taxable year under � 32 of the Internal Revenue Code that determines the amount an individual may claim as an income tax refund under specified circumstances; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/13
First Reading Senate Rules
2/20
Re-referred Budget and Taxation
2/22
Hearing 3/7 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator Ulysses Currie, District 25
Senator Nathaniel J. McFadden, District 45
Senator Jamie Raskin, District 20

Bill indexed under the following Subjects:

Income Tax
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General
( 10-704 , 10-704 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered