RELATING TO THE EARNED INCOME TAX CREDIT.

SB 1013 expands the state's Earned Income Tax Credit (EITC) by allowing qualifying low-to-moderate income taxpayers who claim a dependent under age 18 to receive an additional credit amount. This directly affects working families with children in that age group who currently qualify for the EITC but may not have received the full benefit for younger dependents. The key provision increases the credit amount for these taxpayers, providing more tax relief based on the number of qualifying children under 18. The bill is still in committee review and has not yet been enacted.