Recouples the state earned income tax credit qualifications with the federal earned income tax credit qualifications under the Internal Revenue Code as in effect January 1, 2023. Increases the state earned income tax credit to an amount equal to 12% (instead of 10%) of the federal earned income tax credit that an individual claimed for a taxable year.

Statutes affected:
Introduced House Bill (H): 6-3.1-21-6
House Bill (H): 6-3.1-21-6
Engrossed House Bill (H): 6-3.1-21-6