HOUSE BILL 527

Sponsored By:

Delegates Hixson, McIntosh, Barkley, Benson, Bobo, Bronrott, Conroy, C. Davis, DeCarlo, Dypski, Finifter, Glassman, Goldwater, Grosfeld, Healey, Howard, Hubbard, Hubers, Hurson, Kirk, Mandel, Menes, Minnick, Montague, Nathan-Pulliam, Patterson, Pendergrass, Petzold, Phillips, Pitkin, Riley, Shriver, Slade, Swain, Turner, Valderrama, Taylor, Marriott, Cryor, Cane, and Hecht

Entitled:

Income Tax - Refundable Earned Income Credit

Synopsis:

Altering the percentage of the federal earned income credit used for determining the amount that a qualifying individual may claim as a refundable earned income credit under the State income tax from 10% to 15% for tax year 1999, from 12.5% to 20% for tax year 2000, and from 15% to 20% for tax year 2001 and subsequent tax years.

History by Legislative Date

House Action

2/11

First Reading Ways and Means

2/24

Hearing 3/11 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Sheila Ellis Hixson, District 20

Delegate Charles Barkley, District 39

Delegate Joanne C. Benson, District 24

Delegate Elizabeth Bobo, District 12B

Delegate William A. Bronrott, District 16

Delegate Rudolph C. Cane, District 37A

Delegate Mary A. Conroy, District 23

Delegate Jean B. Cryor, District 15

Delegate Clarence Davis, District 45

Delegate Diane DeCarlo, District 6

Delegate Cornell N. Dypski, District 46

Delegate Michael J. Finifter, District 11

Delegate Barry Glassman, District 35A

Delegate Marilyn R. Goldwater, District 16

Delegate Sharon M. Grosfeld, District 18

Delegate Anne Healey, District 22A

Delegate C. Sue Hecht, District 3

Delegate Carolyn J. B. Howard, District 24

Delegate James W. Hubbard, District 23

Delegate Nancy Hubers, District 6

Delegate John Adams Hurson, District 18

Delegate Ruth M. Kirk, District 44

Delegate Adrienne A. Mandel, District 19

Delegate Salima Siler Marriott, District 40

Delegate Maggie L. McIntosh, District 42

Delegate Pauline H. Menes, District 21

Delegate Joseph J. Minnick, District 7

Delegate Kenneth C. Montague, Jr., District 43

Delegate Shirley Nathan-Pulliam, District 10

Delegate Obie Patterson, District 26

Delegate Shane E. Pendergrass, District 13A

Delegate Carol Stoker Petzold, District 19

Delegate Wendell F. Phillips, District 41

Delegate Joan B. Pitkin, District 23

Delegate B. Daniel Riley, District 34

Delegate Mark K. Shriver, District 15

Delegate John F. Slade, III, District 29B

Delegate Darren M. Swain, District 24

Delegate Casper R. Taylor, Jr., District 1C

Delegate Frank S. Turner, District 13A

Delegate David M. Valderrama, District 26

Bill indexed under the following Subjects:

INCOME TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-704 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered