News Round-Up: April 8, 2019
Here are some highlights from the past week’s news and upcoming events on family tax credit issues:
Top Story: Ohio Governor Mike DeWine (R) signed legislation to increase the state’s Earned Income Tax Credit (EITC) from 10 to 30 percent of the federal credit and remove the credit cap for taxpayers with incomes above $20,000. The expansion was included in the state’s 2019 transportation budget and will help offset an increase to the state gas tax. (Cincinnati.com)
- The Maryland General Assembly passed legislation to make the state’s Child and Dependent Care Tax Credit refundable and increase the credit’s maximum income limits to reach more Maryland families. The bill now heads to Governor Larry Hogan (R) for signature. (WAMU 88.5)
- The Maryland General Assembly also approved a $200,000 grant for the CASH Campaign of Maryland for EITC outreach, free tax preparation and other financial services as part of the FY 2020 budget. (Maryland General Assembly)
- Courtney Cullison, economic opportunity policy analyst at the Oklahoma Policy Institute, urged state lawmakers to restore refundability to the state’s EITC, which would benefit an additional 20,000 working families. (The Oklahoman)
- We blogged about New Mexico’s new legislation to expand the state’s EITC from 10 to 17 percent of the federal credit. (TCWF)