Earned Income Tax Credit

HB 05-1232: Concerning the Earned Income Tax Credit, by Spiros Protopsaltis to the House Finance Committee, Feb. 17, 2005

"By making the Colorado EITC permanent and increasing its amount, working families will receive meaningful support in making ends meet, and at the same time you will provide a much-needed fiscal stimulus to our economy."

By Heather Scofield
The Durango Herald

As local residents and officials mobilize to meet struggling families' needs today, advocates say some big-picture and novel approaches also will be a necessary part of the battle against poverty.

Here are a few of the concepts gaining traction around the nation:

Tax credits

The National Poverty Center issued a report last year indicating their research found that state and federal Earned Income Tax Credits "dramatically boosted the incomes of low-income households."

Finding and keeping a job with good pay and benefits is the surest path to opportunity for most Coloradans, and in the recently completed session, legislators passed three bills to help workers get and stay on this path.

These bills, signed recently by Gov. Bill Ritter, minimize the effects of unemployment, establish a permanent commission to study pay equity, and ensure low-wage workers receive a tax credit when there are TABOR rebates. The Bell supported all of the measures.

Jan. 20, 2010

Restoring the State Earned Income Tax Credit
as the First TABOR Refund Mechanism

Rich Jones
Director of Policy and Research
The Bell Policy Center

Summary

Provides an overview of the EITC in Colorado, compares Colorado's EITC with the federal tax credit and shows the number of EITC recipients in Colorado by region.

Lists total number of tax returns, EITC recipients, EITC amount, average EITC amount and share of returns coming from the EITC.

DENVER, CO???.The Bell Policy Center, along with a broad coalition of nonprofit organizations, is calling on the state legislature to expand Colorado's Earned Income Tax Credit (EITC) and make it permanent by supporting House Bill 05-1232.

DENVER ??? A new study by The Bell Policy Center has found that more than 150,000 active duty members of the armed forces, including an estimated 3,640 in Colorado, are eligible for tax relief through the Earned Income Tax Credit program.

Provides an overview of the EITC in Colorado, compares Colorado's EITC with the federal tax credit and shows the number of EITC recipients in Colorado by region.

Lists total number of tax returns, EITC recipients, EITC amount, average EITC amount and share of returns coming from the EITC.