News Round Up: February 20, 2023
Top Story: Last Thursday, Maryland Gov. Wes Moore’s (D) proposed Family Prosperity Act had its first hearing. If passed, the bill would permanently expand eligibility requirements for the state Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). (The Baltimore Banner)
- The Brookings Institute suggested enacting state Child and Dependent Care Tax Credits (CDCTCs) as a way for governors and state legislatures to offset childcare expenses and support families. (The Brookings Institute)
- Massachusetts Maura Healey (D) recently announced that she will be filing her tax relief package in the coming week, which is expected to include a new state CTC. (MassLive)
- Minnesota Carlie Kotyza-Witthuhun’s (DFL) proposed bill would offer a fully refundable state CTC valued at $3,000 per child under five and $1,000 per child older than five. (CBS Minnesota)
- The Virginia Tax Department just issued information regarding the new refundable state EITC. The tax credit is valued at 15% of the federal rate. (Virginia Tax Department)
- The People’s Policy Project’s latest article examines how the Washington Working Families Tax Credit, which is equivalent to a state EITC, falls short of reaching all children from low-income families. (People’s Policy Project)