LANSING, Mich. — Sen. Mark Huizenga on Thursday supported legislation to increase the state’s Earned Income Tax Credit (EITC) beginning with the current 2022 tax year.
“It’s our duty as legislators to solve problems facing families across the state,” said Huizenga, R-Walker. “Many families are struggling to make ends meet, and this measure would deliver over $440 million in meaningful relief to those most in need.”
Senate Bill 144 would effectively increase the state’s EITC from 6% to 30% of the federal EITC beginning with the 2022 tax year. Qualifying taxpayers would not have to file amended returns to receive their increased credit. Instead, for the 2022 tax year, the state would figure the amount owed to the taxpayer that is above the current 6% and provide that credit as a tax refund as soon as possible.
“The Earned Income Tax Credit has been an effective way to increase labor force participation and provide assistance to working families since being signed into law by West Michigan’s own President Gerald Ford,” Huizenga said. “I am proud to support this legislation to put more money in the pockets of hardworking Michiganders.”
SB 144 now heads to the House of Representatives for consideration.