News Round Up: January 8, 2024
Top Story: Connecticut Gov. Ned Lamont (D) retroactively increased the state Earned Income Tax Credit (EITC) from 30.5% to 40% of the federal rate for 2023. The expansion is expected to provide an additional $44.6 million to 211,000 low- and middle-income filers. (Fox 61)
- Colorado Rep. Scott Bottoms (R) is suing State House Speaker Julie McCluskie (D) and Gov. Jared Polis (D) to block HB 23B-1002, which expanded the state EITC from 25% to 50% of the federal rate. (KDVR)
- Kansas Gov. Laura Kelly (D) aims to double the state Child and Dependent Care Tax Credit (CDCTC) as part of a recently unveiled tax cut plan. (Office of Governor Laura Kelly)
- Pennsylvania Gov. Josh Shapiro (D) expanded the state Child Tax Credit (CTC) from 30% to 100% of the federal credit. Eligible families can now receive up to $1,050 for one child and up to $2,100 for two or more children. (CBS News)
- Volunteer firefighters in Falls Township, Pennsylvania can claim up to $500 of the local EITC as part of the township’s new Volunteer Service Tax Credit ordinance. (Township of Falls Official Page)
- Virginia Gov. Glenn Youngkin (R) proposed expanding the state EITC from 20% to 25% as part of a two-year state budget plan. (Washington Post)