The Earned Income Tax Credit (EITC) is a tax benefit for low income working families. It is credit that rewards hard work, helps families in need and helps moving people out of poverty. CAHS has been one of the main proponents for the creation of a state EITC; Governor Malloy signed the credit into law in 2011, with a value equal to 30% of the Federal credit.
The Connecticut EITC was temporary cut in the 2012 budget, reducing the credit to 25% of the federal credit for tax year 2013. The credit was scheduled to be restored to 27.5% in 2014 and 30% in 2015. The first increase was included in the 2014 budget. However, in the Governor's 2017 recommended budget, it was reduced back to 25% of the federal credit.
A State Earned Income Tax Credit (EITC) would make a big difference in the lives of low-wage working families. Here’s how it would help constituents in your district.
Senator John Fonfara