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HomeMy WebLinkAboutResolutions - 2010.03.25 - 10169REPORT (misc. 110032) March 25, 2010 BY: Finance Committee, Thomas Middleton, Chairperson IN RE: MR #10032 — BOARD OF COMMISSIONERS — ENCOURAGING ALL ELIGIBLE FAMILIES TO APPLY FOR THE FEDERAL AND MICHIGAN EARNED INCOME TAX CREDIT To: The Oaklam County Board of Commissioners Chairperson, Lao es and Gentlemen: The Finance Committee, having reviewed the above referenced resolution on March 18, 2010, reports with the recommendation that the resolution be adopted. Chairperscn. on behalf of the Finance Committee I move acceptance of the foregoing report ),3 I -I le 1 1 •MMITTE FINANCE COMMITTEE Motion carried unanimously on a roll call vote with Long absent. Commissioner Hel District #22 Dretrra--# g BY: Commissioner David Woodward and Helaine Zack /Ta-06 - 6/1-) 'MCLI-kit Miscellaneous Resolution # 10032 RE; Board of Commissioners — Encouraging All Ellbible Families to Apply for the +lora! and Michigan Earned Income Tax Credit TO: Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the Earned Income Tax Credit (EITC) has consistently earned broad bipartisan support since it's inception by Congress in 1975, and most recently in Michigan in 2008; and WHEREAS tie EITG is revered as the most significant anti-poverty program to date because it DLItS needed cash is the hands of the working poor and working parents with children, and rewards work; and WHEREAS eligibility for the EITC is based on income and number of dependents (go to www.irs gov/eitc for exact details); and WHEREAS for tax year 2009: • The maximum benefit for the federal EITC 5s $5,657 • The maximum MI EITC Is $1,131 (or 20% of the federal EITC received) • Tne average federal EITC claim for an eligible Oakland County resident is $1,721 II The average state ETC claim for an eligible Oakland County resident is $344, and WHEREAS according te a recent report by the Anderson Economic Group, Oakland County families will leave an estimated $26.5 million in unclaimed federal EITC monies; and WHEREAS for tax year 2009, those same families will leave an estimated $5.3 milion in unclaimed Michigan State Earned Income Tax Grediz and WHEREAS Accounting Aid Society is a nonprofit organization that operates tve free tax assistance centers in Oakland County and has that assisted more than 13,500 families receiving income tax refunds and tax credits in 2009 with the help of over 800 trained Accounting Aid Society volunteers. Since 1976, Accounting Aid Society has returned more than $167 million to low and moderate income residents in Wayne, Oakland, Macomb and Livingston counties, and in turn into our state's economy; and WHEREAS the total direct and indirect economic impact of the unclaimed state and federal EITCs by Oakland County families is estimated to be more than $57 million. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby urges all eligible families to apply for the federal and state 2009 EITC as they prepare their taxes this year. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners requests information regarding the EITC be placed on the county website and link to appropriate government and non-profit agencies that can help families learn more about the ETC and receive help is processing their EITC. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners requests all appropriate personnel to help support ailia promote mfareness of the EITC in our communities. Chairgerson,)we 414ve the ado n of the foregoing Resolution. ommissioner David Woodward Districj #1-8 / bqnm strict #/5-- 2' _ b-m6i issioner Dis C(4p District # Commisdioner District # Commissioner C.) District if Commissioner District # Commi6ione istrict # ( /maw //Dr _ . - rssioner District #1 L') ji 'PM* Commission District #ft Commissioner District if Commissioner District if Commissioner District if Commissioner District # Commissioner District # Commissioner District if Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District if Commissioner District if Commissioner District # Commissioner District # Commissioner District # Commissioner District # Resolution *10032 February 18, 2010 The Chairperson referred the resolution to the Finance Committee. There were no objections. Resolution #10032 March 25, 2010 Moved by Schwartz supported by Potter the resolutions (with fiscal notes attached) on the amended Consent Agenda be adopted (with accompanying reports being accepted.) AYES: Burns, Capello, Coleman, Coulter, Douglas, Gershenson, Gingeli, Gosselin, Grermel. Hatchett, Jackson. Jacobsen, Long. McGillivray, Middleton, Nash, Potter, Potts. Runestad, Schwartz, Scott, Taub, Zack, Bullard. (24) NAYS: None. (0) A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the amended Consent Agenda were adopted (with accompanying reports being accepted.) ),,e-,7 I HEREBY APPROVE THE FOREGOING RESOLUTION ACTING PURSUANT TO 1973 PA 139 STATE OF MICHIGAN) COUNTY OF OAKLAND) I Ruth Johnson. Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on March 25, 2010, with the original record thereof now remaining in my office. in Testimony Whereof. I have hereunto set my hand and affixed the seal of the County of Oakland at Pontiac, Michigan this 25th day of March, 2010. eat Ruth Johnson, County Clerk