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HomeMy WebLinkAboutResolutions - 2011.02.09 - 10519Chairperson, we move the adoption of the foregoing resolution. Commissioner Helaine Zack District #22 Commissioner District # o-MiTtifssioner District # IF-Commis District # Comm iss District Commissioner District MISCELLANEOUS RESOLUTION # 11032 BY: Commissioners Helaine Zack, District #22 IN RE: BOARD OF COMMISSIONERS — ENCOURAGING ALL ELIGIBLE FAMILIES TO APPLY FOR THE FEDERAL AND MICHIGAN EARNED INCOME TAX CREDIT To the 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 the EITC is revered as the most significant anti-poverty program to date because it puts 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 2010: • The maximum benefit for the federal EITC is $5,666 • The maximum MI EITC is $1,133 (or 20% of the federal EITC received) • The average federal EITC claim for an eligible Oakland County resident is $1,721 • The average state EITC claim for an eligible Oakland County resident is $344; and WHEREAS according to 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 million in unclaimed Michigan State Earned Income Tax Credit; and WHEREAS Accounting Aid Society is a nonprofit organization that operates five 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 EITC 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 and promote awareness of the EITC in our communities. [44 Commissioner_ District # Commissioner District # 2,4 Co# Digtr Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Commissioner Commissioner District # District # Resolution #11032 February 9, 2011 The Chairperson referred the resolution to the General Government Committee. There were no objections.