News Round Up: February 18, 2020
February 18, 2020Print
Top Story: A bill introduced in the Georgia House of Representatives would create a state-level Earned Income Tax Credit (EITC) worth up to $500 for low- and moderate-income families earning up to $56,000 per year. (Georgia Budget and Policy Institute)
- The New Mexico House of Representatives passed legislation to expand the state-level EITC, known as the Working Families Tax Credit, from 17 to 20 percent of the federal credit. The bill now heads to the Senate Finance Committee for consideration. (New Mexico Legislature)
- This week, the Maryland House Ways and Means Committee will consider and vote on two bills to expand the state-level EITC. House Bill 679 would increase the maximum income of the credit for a single filer to $23,540 to make filers making the state minimum wage eligible for the credit. House Bill 680 would increase the value of the credit to 100 percent of the federal credit for single filers.
- A new report from the Institute on Taxation and Economic Policy offered policy recommendations on how states can take the lead on expanding their state-level EITCs to younger and older workers. (ITEP)
- A new report from the Economic Policy Institute examined the impact of the EITC and minimum wage on fighting poverty and highlighted how each policy can make the other more effective. (EPI)
- Unable to attend our Capitol Hill Briefing on how to strengthen the tax time moment for workers? Watch the full video here.