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IN SB0466
Bill
Status
1/14/2019
Primary Sponsor
Greg Taylor
Click for details
AI Summary
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Doubles Indiana's state earned income tax credit from 9% to 18% of the federal earned income tax credit amount, effective for taxable years beginning after December 31, 2019
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Requires the Department of State Revenue to compile a written notice containing qualifying income levels, credit amounts, application process, and available assistance for federal and state earned income tax credits
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Mandates the Office of the Secretary of Family and Social Services to distribute the EITC notice annually to individuals (or parents/guardians) receiving TANF, Medicaid, or SNAP benefits
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Requires the Office of the Secretary to publish the EITC information on its website
Legislative Description
Earned income tax credit. Increases the amount of the state earned income tax credit. Requires: (1) the department of state revenue to compile a notice with information concerning the federal and state earned income tax credits; and (2) the office of the secretary of family and social services to provide annually the written notice concerning the federal and state earned income tax credits to certain individuals who receive assistance.
Last Action
First reading: referred to Committee on Appropriations
1/14/2019