AN ACT ELIMINATING THE EARNED INCOME TAX CREDIT.
Connecticut bill would eliminate state earned income tax credit, raising taxes on low-to-moderate income working families earning roughly $15,000-$60,000 annually.
Connecticut bill would eliminate state earned income tax credit, raising taxes on low-to-moderate income working families earning roughly $15,000-$60,000 annually.
SB 322 proposes to eliminate Connecticut's Earned Income Tax Credit (EITC), a state tax benefit that currently reduces tax liability for low-to-moderate income working individuals and families. The bill would repeal the existing statute that authorizes this credit, effectively removing this tax benefit from the state tax code.
The EITC is a significant anti-poverty tool that supplements wages for working people earning between roughly $15,000-$60,000 annually. Eliminating it would increase tax burdens on low-income workers and reduce state revenue support for working families, potentially affecting thousands of Connecticut residents and increasing reliance on other social services.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.