2017 House Bill 4342

Increase EITC

Introduced in the House

March 9, 2017

Introduced by Rep. Tom Cochran (D-67)

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).

Referred to the Committee on Tax Policy