News Round Up: March 5, 2018
March 5, 2018Print
Here are some highlights from the past week’s news on family tax credit issues.
- The Idaho Legislature passed a bill to enact a state-level nonrefundable Child Tax Credit (CTC) worth $130 per child. The legislation now heads to Governor Butch Otter (R) for signature. (The Spokesman-Review)
- The Tax Cuts and Jobs Act erodes the value of the federal Earned Income Tax Credit (EITC) and its state-level counterparts over time by changing the way we measure inflation through the tax code, according to the Center on Budget and Policy Priorities (CBPP). The Center recommends states expand their existing EITCs to prevent a tax hike on low-income families. (CBPP)
- The Hawai’i House of Representatives passed a bill to make the state’s EITC refundable. The legislation will now be considered by the Senate. (Big Island Now, hawaii.gov)
- New York State Senator Michael Ranzenhofer (R) proposed legislation to double the state’s Child and Dependent Care Credit, which would increase the credit by approximately $375 per family. (WGRZ)
- The Wisconsin Senate held public hearings on Governor Scott Walker’s proposal to enact a one-time, $100 state-level CTC. The State Assembly has already approved the legislation, and the Senate is expected to vote on the bill in late March. (Wisconsin Public Radio)