- Introduced -

SB 575 - This act authorizes, for all taxable years beginning on or after January 1, 2001, a state income tax credit equal to twenty percent of the amount which a taxpayer claims as a federal earned income tax credit. The credit is refundable to the extent that the credit exceeds the amount of tax due or may be carried forward to a subsequent taxable year. The Department of Revenue is required to notify potential claimants of their eligibility.

RUSS HEMBREE