SF 422 - Increases Earned Income Tax Credit - Iowa Key Vote

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Title: Increases Earned Income Tax Credit

Vote Smart's Synopsis:

Vote to pass a bill that increases the amount of state earned income tax credit, effective January 1, 2013.

Highlights:

  • Increases the amount of state earned income tax credit from 7 percent to 20 percent of the federal earned income tax credit (Sec. 1).
  • Specifies that this bill applies retroactively to tax years beginning on or after January 1, 2013 (Sec. 2).

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