Increases the earned income tax credit for taxable years beginning in 2025.

This bill amends the tax law to increase the earned income tax credit for taxable years beginning in 2025. The credit is based on the applicable percentage of the earned income credit allowed under the Internal Revenue Code. The bill specifies payment methods for different credit amounts and includes a reversion event provision. The act takes effect 120 days after it becomes law.

Increases the earned income tax credit for taxable years beginning in 2025.

This bill amends the tax law to increase the earned income tax credit for taxable years beginning in 2025. The credit is based on the applicable percentage of the earned income credit allowed under the Internal Revenue Code. The bill specifies payment methods for different credit amounts and includes a reversion event provision. The act takes effect 120 days after it becomes law.