SB0703

2013 Regular Session

 

Entitled:

Income Tax - Refundable Earned Income Credit

Sponsored by:

Senator Madaleno

Status:

In the Senate - Hearing 3/08 at 1:00 p.m.


Synopsis:Increasing from 25% to 30% the percentage of the federal earned income credit that determines the amount an individual may claim as a State income tax refund under specified circumstances; and applying the Act to taxable years beginning after December 31, 2012.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Madaleno, Benson, Currie, Ferguson, Forehand, Garagiola, King, Manno, McFadden, Montgomery, Peters, Ramirez, and Raskin
Additional Facts:Cross-filed with: HB0845
Introduced in a prior session as: SB0943 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2013
Committee(s):
Budget and Taxation  Listen to Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Income Tax
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-704)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:12 A.M.