LANSING, Mich. — Sen. Michael Webber on Thursday voted in favor of legislation to increase the state’s Earned Income Tax Credit (EITC).
“I came to Lansing with the promise of reducing costs and taxes on Michiganders, and this bill is one step in the right direction,” said Webber, R-Rochester Hills. “Many families across the state need money put back in their pockets as they continue to face economic challenges. This legislation will offer relief to low-income tax filers across our state.”
Senate Bill 144 would increase Michigan’s EITC from 6% to 30% the federal credit. The EITC is income-based on a formula that considers an individual’s adjusted gross income (AGI) and the number of dependents claimed.
SB 144 now moves to the House of Representatives for consideration.