Texas Senate Bill SR59

Texas 2009 - 81st Regular

• Introduced: 1/28/09
• Enrolled: 1/28/09
• Passed: 1/28/09

Caption

Recognizing January 30, 2009, as Earned Income Tax Credit Awareness Day in Texas.

Impact

The resolution does not create laws but aims to raise awareness about the EITC, spurring action among state agencies, community organizations, and local governments to inform citizens about their eligibility for this financial assistance. The resolution serves as a call to action, emphasizing the need for outreach efforts, particularly during challenging economic times. By encouraging Texans to check their eligibility, the resolution seeks to enhance financial support for low-income families and stimulate local economies through increased tax credit claims.

Summary

Senate Resolution 59 recognizes January 30, 2009, as Earned Income Tax Credit Awareness Day in Texas. The resolution highlights the significance of the Earned Income Tax Credit (EITC), which is a refundable federal income tax credit designed to benefit low-income and moderate-income working individuals and families. This tax credit plays a vital role in boosting the income of millions of Texans and injecting billions of dollars into local economies across the state. Despite its importance, it is acknowledged that many eligible workers in Texas fail to claim nearly $1 billion each year due to a lack of awareness and access to free tax preparation assistance.

Contention

While the resolution itself is largely uncontentious, the underlying issue it addresses—the accessibility of the Earned Income Tax Credit—can lead to divergent opinions. Supporters argue that maximizing awareness and access to the EITC is essential for aiding financially vulnerable populations, particularly in light of economic instability. Critics, however, may question the effectiveness of outreach strategies or the sufficiency of existing tax preparation services available, illustrating ongoing debates about the best ways to support low-income individuals and families.