News Round Up: March 4, 2024
Top Story: Wisconsin Gov. Tony Evers (D) recently expanded the state Child and Dependent Care Tax Credit (CDCTC) from 50% to 100% of the federal rate following the vetoing of the rest of the Republican-back tax package. The expanded tax credit is anticipated to benefit more than 110,000 filers. (WPR)
- The Connecticut State Finance Committee is holding a public hearing to discuss ways to decrease childhood poverty. Currently, lawmakers hope to address rising concerns by establishing a permanent, refundable state Child Tax Credit (CTC). (News 8)
- Illinois J.B. Pritzker (D) allocated $12 million towards creating a state CTC for families with children younger than three years old as part of his proposed fiscal year budget. (Central Illinois Proud)
- Utah lawmakers progressed legislation that expands the state CTC to children five years old. The bill next heads to Gov. Spencer Cox’s (R) desk. (Desert)