Earned income tax credit; amount equal to federal credit; refund
9 rules0 of 4 subsections
Sec. 272.
(1) A taxpayer may credit against the tax imposed by this act an amount equal to the specified percentages of the credit the taxpayer is allowed to claim as a credit under section 32 of the internal revenue code for a tax year on a return filed under this act for the same tax year:
(a)For tax years that begin after December 31, 2007 and…#
(a) For tax years that begin after December 31, 2007 and before January 1, 2009, 10%.
(b)For tax years that begin after December 31, 2008 and…#
(b) For tax years that begin after December 31, 2008 and before January 1, 2012, 20%.
(c)For tax years that begin after December 31, 2011 and…#
(c) For tax years that begin after December 31, 2011 and before January 1, 2023, 6%.