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Kilili: NMI residents must file income tax return to get EITC, child tax credit

To receive the Earned Income Tax Credit and the Child Tax Credit, residents of the CNMI must file an income tax return with the Commonwealth’s Division of Revenue and Taxation even if one owes no taxes, according to Delegate Gregorio Kilili C. Sablan (Ind-MP) over the weekend. In...
Posted On Mar 01 2022 06:05
, By Ferdie De La Torre
tax
0

CNMI to receive $50M in EITC credits

The CNMI expects to disburse $50 million in Earned Income Tax Credit following the U.S. Treasury’s approval of the Commonwealth’s implementation plan. In an interview with Finance Secretary David Atalig, he said $50 million in credits are expected in the following weeks following...
Posted On Feb 18 2022 06:03
, By Kimberly Bautista Esmores
0

Palacios signs EITC bill into law

In his capacity as acting governor, Lt. Gov. Arnold I. Palacios signed into law Monday a bill that would repeal an existing CNMI law in order to make low-and moderate-income working families in the CNMI eligible for the Earned Income Tax Credit as a form of financial relie...
Posted On Jun 30 2021 06:05
, By Ferdie De La Torre
0

Representatives vote to place EITC bill on calendar for action

The House of Representatives voted yesterday to withdraw from the Committee on Ways and Means and place on calendar for action at their next session a bill that Rep. Christina Marie E. Sablan (D-Saipan) introduced that would repeal a law in order to make working families eligible...
Posted On Mar 17 2021 06:05
, By Ferdie De La Torre
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