Home > Fiscal Policy Center Publications > Tax Fairness for Low-Income Working Families: the Importance of Expanding the State Earned Income Tax Credit SHARE:

Tax Fairness for Low-Income Working Families: the Importance of Expanding the State Earned Income Tax Credit

The General Assembly is considering legislation that would expand the state earned income tax credit (EITC), which is targeted to low-income working families with children. The Illinois EITC — enacted in 2000 and made permanent and strengthened in 2003 — is currently set at only 5 per- cent of the federal EITC. Increasing the state EITC to at least 10 percent of the federal credit would improve tax fairness for low-income families, alleviate child poverty during a deep recession, and stimulate economic activity in local communities. Download and read report

Print Friendly