News Round Up: June 25, 2018
Here are some highlights from the past week’s news on family tax credit issues:
Top Story: The New Jersey legislature passed a bill to expand the state’s Earned Income Tax Credit (EITC) from 35 to 40 percent of the federal credit as part of the state’s FY 2019 budget. However, Governor Phil Murphy (D) has threatened to veto the legislature’s agreed-upon budget when it reaches his desk, claiming the full package would leave the state with too large of a deficit. (New Jersey Legislature)
- The New York State Senate passed a bill to double the state’s Child and Dependent Care Tax Credit. The legislation now heads to the Assembly Ways and Means Committee for consideration. (The Daily News)
- As part of their Women’s Well-Being Index, the California Budget and Policy Center and the Women’s Foundation of California recommended expanding the state’s EITC to help low-income women, particularly women of color, build wealth. The recommendations include increasing the credit’s income eligibility limit, extending the credit to immigrant workers filing with Individual Taxpayer Identification Numbers (ITINs) and expanding and promoting free tax preparation services to help eligible workers claim the EITC. (California Budget & Policy Center)
- The West Virginia Center on Budget and Policy (WVCBP) urged state lawmakers to enact a state-level EITC and improve tax credit outreach efforts to bring millions of federal dollars to the state. (WVCBP)
- We blogged about Louisiana’s new legislation to expand their state’s EITC. (TCWF)