AB 970

Under this bill, for taxable years beginning after 2017, an individual who is

eligible to claim the federal Earned Income Tax Credit may claim as a credit against

Wisconsin taxes due 34 percent of the amount that the taxpayer may claim under the

federal credit, without regard to the number of children the individual has.

Currently, the percentage of the federal EITC that an individual may claim for

Wisconsin purposes is 4 percent of the EITC if the claimant has one qualifying child

with the same principal place of abode, 11 percent if the claimant has two such

qualifying children, and 34 percent if the claimant has three or more such qualifying

children. The credit is refundable, which means that, if the amount of credit due the

claimant exceeds his or her tax liability, the difference is refunded to the claimant

by check.