The proposed bill, General Assembly Proposed Bill No. 322, seeks to eliminate the earned income tax credit by repealing section 12-704e of the general statutes. This change would remove the financial benefit currently provided to low- to moderate-income working individuals and families through this tax credit.

The bill is introduced by Senator Sampson and Representatives Dauphinais and Mastrofrancesco and has been referred to the Committee on Finance, Revenue and Bonding. The primary purpose of the bill is to discontinue the earned income tax credit, which is designed to support eligible taxpayers by reducing their tax liability and potentially increasing their refund.