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Improve Tax Fairness for Low-Income Working Families

Voices for Illinois Children does not support Senate Bill 397, House Committee Amendment No. 2, most of which involves tax subsidies for business. We do, however, strongly support an important provision of the bill that would improve tax fairness for low-income working families. The Illinois earned income tax credit (EITC) — established in 2000 and made permanent and strengthened in 2003 — is set at only 5 percent of the federal EITC. SB397 would expand the state EITC to 10 percent of the federal credit in tax year 2012 and to 15 percent of the federal credit in tax year 2013. Download and read report

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