CT HB05195

Commissioner of Revenue Services shall conduct a study of earned income amount requirements for earned income tax credit eligibility and the impact on premature employment termination by recipients seeking to maintain eligibility.

Report must include recommendations for a graduated schedule allowing earned income tax credit recipients to remain eligible upon small increases in pay.

Report must recommend monthly distribution of personal income tax overpayment refunds resulting from the earned income tax credit, as an alternative to lump sum payments.

Report must include a schedule for monthly distribution where refunds decrease as pay increases without reducing the recipient's monthly income.