California Revenue and Taxation Code

§ 19851

RTC § 19851 Effective Jul 10, 2023Div. 2 · Part 10.3

Statute text

The Legislature finds and declares as follows:

(a)Congress created the federal earned income tax credit (EITC) in 1975 to offset the adverse effects of the Medicare and social security payroll taxes on working poor families and to encourage low-income workers to seek employment rather than welfare.

(b)Due to a relatively low percentage of federal earned income tax credit eligible persons who participate in the federal Earned Income Tax Credit program, hundreds of millions of federal dollars go unclaimed by the working poor in California.

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Legislative history

Amended by Stats. 2023, Ch. 55, Sec. 8. (SB 131) Effective July 10, 2023.