HB2620

Kansas HB2620 increases the eligible credit amount for the earned income tax credit.

Kansas HB2620 amends the state's earned income tax credit to increase the eligible credit amount. The bill specifies that the credit will be equal to 18% for tax years 2010 through 2012, and 17% for tax year 2013 and all subsequent years. If the credit amount exceeds the taxpayer's income tax liability, the excess will be refunded. The bill repeals the existing section of the Kansas Statutes Annotated and takes effect upon publication in the statute book.