March 30, 2009
REP. ROJAS ANNOUNCES HOUSE PASSAGE OF HB 5177
Says notice of federal EITC availability must be posted
State Representative Jason Rojas, co-sponsor of House Bill 5177: An Act Concerning Employers and Notice of Available Federal Earned Income Tax Credits, today announced House passage of the bill. This bill requires all employers to post in a conspicuous place a notice of the availability of the federal earned income tax credit (EITC). The notice must be in a form and manner the state Labor Commissioner determines. It applies to any person engaged in business who has employees, including the state, and municipalities.
"I am happy that this bill has passed," Rep. Rojas said. "It is important to support initiatives that help state taxpayers recoup as many tax dollars from Washington as possible and this will accomplish that."
The EITC is available to a person who earns wages and whose federal adjusted gross income (AGI) falls below certain limits. For 2008, a person qualifies for a EITC if he or she has at least $1 of earned income, investment income of $2,950 or less, and a maximum AGI and maximum earned income of:
$12,880 ($15,880 for married filing jointly) with no children,
$33,995 ($36,995 for married filing jointly) with one child, and
$38,646 ($41,646 for married filing jointly) with two or more children.
Income limits and credit amounts are adjusted annually for inflation.
The maximum credits for 2008 are: (1) $438 with no children, (2) $2,917 with one child, and (3) $4,824 with two or more children. If bill is signed into law, it would become effective on January 1, 2010.