Vote to pass a bill that increases the earned income tax credit to 25 percent.
Highlights:
Increases the state earned income tax credit from 20 percent to 25 percent of an applicant’s federal earned income tax credit for taxable years beginning on or after January 1, 2013 (Sec. 2).
Requires the Director of the Division of Taxation in the Department of the Treasury to establish a program for the distribution of earned income tax credits (Sec. 2).