YEO Policy Books 2013 Policy Reader - Page 11

Defending Workers and Families Policy Reader Policy Guide for Crafting 529 College Savings Legislation Target Level of Office: State Summary: Most states have incentivized 529 college savings plans to encourage parents to begin saving early. The Corporation for Enterprise Development has created a guide for crafting the relevant legislation and include s various best practices assembled from states around the country. Link to More Information: Prize-Linked Savings Introduced by Nebraska Senator Amanda McGill Target Level of Office: State Summary: This legislation gives credit unions the ability to offer prize-linked savings, or in other words, savings promotion raffles. Savings raffles are a financially safe way to promote savings among families while allowing them a chance to win a prize. Link to More Information: Parental Leave for Birth and Adoption of a Child Sponsored by Maryland State Delegate Ariana Kelly Target Level of Office: State Summary: This bill would provide up to six weeks of unpaid leave in the occasion of the birth or adoption of a child, for employees of businesses with over 15 employees, expanding current standards from business with 50 employees. Link to More Information: 2013 State Earned Income Tax Credit Target Level of Office: State Summary: This act in Illinois authorizes an increase in the state Earned Income Tax Credit to 20 percent of the Earned Income Credit allowed at the federal EITC level. If the credit exceeds taxes owed, the state tax collector treats the overpayment as a tax credit and refunds it to the taxpayer. Link to More Information: 9