2013 House Bill 4266

Increase EITC

Introduced in the House

Feb. 19, 2013

Introduced by Rep. Phil Cavanagh (D-10)

To increase the state earned income tax credit from an amount equal to 6 percent of the federal EITC, to 20 percent. This is a “refundable” credit for low income workers (meaning that a check is sent to the taxpayer for the balance of the credit exceeding taxes owed). According to a House Fiscal Agency analysis, this increase would cost $261 million annually.

Referred to the Committee on Tax Policy