CT HB05237

Commissioner of Revenue Services shall study earned income requirements for earned income tax credit eligibility under Section 32 of the Internal Revenue Code, effective October 1, 2017.

Study shall examine the impact of income requirements on premature employment termination by credit recipients attempting to maintain eligibility.

Commissioner must report findings to the joint standing committee on finance, revenue and bonding by January 1, 2018.

Report shall include recommendations for a graduated income schedule allowing recipients to remain eligible upon receiving pay increases.

Report shall recommend options for monthly distribution of refunds instead of current lump sum annual refunds, with a schedule that decreases refunds as pay increases without reducing monthly income.