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Legislation Would Create State Child Tax Credit

NEW LEGISLATION CREATES A STATE CHILD TAX CREDIT. 

 

THE CREDIT WOULD TAKE THE PLACE OF THE FEDERAL VERSION THAT EXPIRED LAST YEAR, PROVIDING 700 DOLLARS PER CHILD UNDER THE AGE OF 17. SENATOR MIKE SIMMONS OF CHICAGO SAYS IT’S A FUNDAMENTAL WAY TO HELP STRUGGLING FAMILIES.

 

 

REPRESENTATIVE MARCUS EVANS OF CHICAGO SAYS THIS HAS PROVEN TO BE BENEFICIAL TO STRUGGLING FAMILIES.

 

 

UNDER THE BILL, PARENTS EARNING LESS THAN 75 THOUSAND DOLLARS JOINTLY WOULD BE ELIGIBLE FOR THE CREDIT. SINGLE FILERS MUST MAKE LESS THAN 50 THOUSAND DOLLARS A YEAR.

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