Increase to Earned Income Tax Credit and Personal Exemption to Help Working Families and Stimulate Local Economies
CHICAGO–(ENEWSPF)–January 10, 2012. Governor Pat Quinn today signed major legislation to increase tax relief for working families across Illinois. Senate Bill 400 doubles the state’s Earned Income Tax Credit (EITC) over two years, saving low-income workers an extra $105 million per year. The new law also benefits all Illinois taxpayers by improving the value of the personal exemption…
