An act relating to the Vermont earned income tax credit and the Vermont child tax credit

This bill increases the Vermont earned income tax credit and child tax credit amounts for eligible residents and prevents these credits from being used to offset tax debts. Under the new provisions, residents with children would receive 55% of the federal earned income tax credit, while those without children would receive 100% of the federal amount. The legislation also ensures that both credits cannot be seized to satisfy tax debts owed to the state or another state. These changes apply retroactively to January 1, 2024, and affect individuals filing state income tax returns who qualify for these credits.