Reenact the Earned Income Tax Credit.

Summary

The bill restores the state earned income tax credit (EITC) that previously expired, allowing qualifying individuals to claim a credit equal to 5% of the federal EITC (4.5% for 2013). The credit is refundable if it exceeds the taxpayer’s state tax liability. It takes effect for tax years beginning on or after January 1, 2026.

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