CT SB00178

Increases Connecticut's state earned income tax credit from 23% to 30% of the federal earned income credit claimed under Section 32 of the Internal Revenue Code

Applies to taxable years beginning on or after January 1, 2021, effective upon passage

Requires the Commissioner of Revenue Services to refund excess credits to taxpayers without interest if the credit exceeds tax liability

Permits married individuals filing joint federal returns but separate state returns to claim a proportional credit based on their individual federal adjusted gross income

Excludes earned income tax credits from being counted as income or resources for determining eligibility for state and federal need-based benefit programs