SB1324: State-level economic security payment grant program/tax credits; analyzing impact on families.

Legislative Summary

Joint Subcommittee on Tax Policy; to analyze tax credits and economic security payments. Directs the Joint Subcommittee on Tax Policy to review and analyze options for a state-level grant program, tax credit, or refund for families, including the expansion of the earned income tax credit, the creation of a state-level child tax credit or child and dependent care tax credit, and the creation of a grant program to provide grants to local social services departments for the provision of monthly economic security payments to families with children. Joint Subcommittee on Tax Policy; to analyze tax credits and economic security payments. Directs the Joint Subcommittee on Tax Policy to review and analyze options for a state-level grant program, tax credit, or refund for families, including the expansion of the earned income tax credit, the creation of a state-level child tax credit or child and dependent care tax credit, and the creation of a grant program to provide grants to local social services departments for the provision of monthly economic security payments to families with children.