Bill 119 HRES 88, also known as the "Earned Income Tax Credit Awareness Day" bill, aims to designate January 31, 2025, as a day to raise awareness about the Earned Income Tax Credit (EITC). The EITC is a tax credit for low to moderate-income working individuals and families, designed to help alleviate poverty and encourage work.
The bill recognizes the importance of the EITC in providing financial assistance to those who need it most, and seeks to educate the public about the credit and how it can benefit eligible individuals and families. By designating January 31st as "Earned Income Tax Credit Awareness Day," the bill aims to increase awareness and participation in the EITC program, ultimately helping more individuals and families access the financial support they need.
Overall, Bill 119 HRES 88 is a non-partisan effort to promote awareness of the Earned Income Tax Credit and its benefits, with the goal of helping low to moderate-income individuals and families improve their financial well-being.