Tallying State Tax Credit Efforts
“You can’t tell the players without a scorecard,” according to the old baseball expression. Even in public policy work – where the stakes run much higher than a spring-training ballgame – a tally sheet can really help with keeping things straight, tracking and anticipating policy developments.
Tax Credits for Working Families has assembled two brief and helpful overviews of state-level action on such measures as the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC):
- The 2011 State Legislative Review details last year’s policy losses, disappointments and wins – the biggest victory being Connecticut’s enactment of a state EITC set at 30 percent of its federal counterpart. Unfortunately, five states scaled-back important tax credits, increasing the hardships felt by working families.
- The 2012 State Legislative Preview sorts-out policy proposals in play this year. State EITCs face elimination in Kansas and Oklahoma, threatening the well-being of low- and moderate-income households. On a more positive note, states from Maryland and New Jersey to Michigan and Iowa are weighing suggestions for boosting significant tax credits.
In addition, Tax Credits for Working Families’ 50-State Resource Map provides a state-by-state breakdown of news and information related to EITCs, CTCs, Child Care and Dependent Care Tax Credits and Property Tax Circuit Breaker credits. It’s a great resource for those of us working to strengthen the financial security of struggling families through better public policies, advocacy efforts and provision of such supportive services as Volunteer Income Tax Assistance.
By Sean Noble, Director of Public Policy & Research