SPRINGFIELD, IL – Just over a year ago, legislation increasing both the Earned Income Tax Credit (EITC) and the personal exemption, both utilized by working families, was signed into law by the governor.
Hutchinson was the lead sponsor of Senate Bill 400, passed by the General Assembly and signed into law by the governor last January, which raised the EITC from 5% to 10% in 2013, providing the first increase since its inception in 2000. The EITC primarily targets working families with children. According to the Voice for Illinois Children, more than 935,000 working families benefit from the EITC.