AN ACT ESTABLISHING A CHILD TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

SB 119 establishes a $500 annual tax credit per child (capped at three children) against Connecticut's personal income tax for qualifying working families. It directly affects low-to-moderate-income households with children who earn income through full-time employment (9+ months annually), have a federal adjusted gross income under $100,000 (single filers) or $200,000 (married couples), and meet United Way of Connecticut's asset/income criteria. The credit reduces tax liability for eligible filers without requiring additional application, using United Way's annual report to define qualifying households. This policy provides direct financial support to working parents while maintaining income-based eligibility thresholds.