AN ACT
to give families more security and opportunity
Section 1 (Title & Definitions)
i. The title of this act shall be, the “Family Opportunity Fund."
ii. The "beginning of each month" is the 1st
iii. "Child" is defined as a person aged 17 or younger.
Section 2 (Universal Child Dividend)
i. Each person with a dependent child shall be eligible for an annual child tax credit of $4,800 per dependent, up to four. The credit shall be divided and dispersed at the beginning of each month ($400 per month).
ii. The Universal Child Tax Credit shall be withheld from families under CPS investigation until the investigation is complete. If the case is placed into Categories III, IV, or V, the Family shall be backpaid for any missed tax credit payments.
iii. This bill will be paid for with the regional excise taxes and an progressive income tax as follows:
$0 - $75,000: 0%
$75,001 - $125,000: 3.5%
$125,001 - $1,000,000: 7%
%1,000,001+: 9.5%
Section 3 (Implementation)
i. This legislation shall come into effect immediately upon signature by the Governor.
