LCO No. 244 1 of 2
General Assembly Proposed Bill No. 5195
January Session, 2019
LCO No. 244
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. RUTIGLIANO, 123rd Dist.
AN ACT REQUIRING A STUDY OF THE EARNED INCOME TAX
CREDIT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the Commissioner of Revenue Services shall (1) conduct a 1
study of the earned income amount requirements for earned income 2
tax credit eligibility and the impact of such income requirements on 3
premature termination of employment by recipients of such credit who 4
are seeking to maintain eligibility for such credit, and (2) report on the 5
findings of such study, including recommendations for (A) a 6
graduated schedule that will allow those receiving the earned income 7
tax credit to remain eligible for such credit upon small increases in 8
pay, (B) monthly distribution, in lieu of a lump sum payment, of a 9
personal income tax overpayment refund resulting from the 10
application of the earned income tax credit, and (C) a schedule for such 11
monthly distribution where such refund decreases as pay increases in 12
a manner that does not reduce the recipient's monthly income. 13
Statement of Purpose:
To require the Commissioner of Revenue Services to study the income
requirements applicable to the earned income tax credit and the Proposed Bill No. 5195
LCO No. 244 2 of 2
monthly distribution, in lieu of a lump sum payment, of a personal
income tax refund resulting from the application of the earned income
tax credit.