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CC - Item 2A - ProclamationTROCLAMATION INCOME TAX ASSISTANCE (VITA) PROGRAM AND THE EARNED INCOME TAX CREDIT (EITC) the federal Earned Income Tax Credit (EITC) provides tax relief and higher take -home income to low- income working families and individuals; and WHEREAS, every resident earning less than $51,000 per year may qualify for up to $5,891 in EITC which may be used to lower their income taxes or increase their income tax refund; and WHEREAS, the state Board of Equalization and partnering colleges and universities provide free income tax preparation and family services through the Volunteer Income Tax Assistance (VITA) program; and WHEREAS, free income tax preparation and family services events will be held at local colleges and universities including California State University Los Angeles, California State Polytechnic University Pomona, and Rio Hondo College (refer to attached schedule of events); and WHEREAS, the local Board of Equalization District Offices in West Covina and Norwalk are scheduled to provide VITA services every Monday and Wednesday respectively into mid -April (refer to attached schedule); and WHEREAS, increasing utilization of the EITC represents an economic development and economic stimulus strategy for the community due to the fact that for every 1,000 residents who utilize the EPIC represents a potential infusion of $5.8 million into the local economy; and WHEREAS, the City of Rosemead desires to help in the effort to make these services available to eligible Rosemead residents; and NOW, THEREFORE, on this 8`" day of January 2013, the City Council of the City of Rosemead does hereby encourage all eligible residents to take advantage of, the VITA program the EITC; and pledges the City's best efforts to publicize and communicate these opportunities to eligible families and individuals. SANDRA ARMENTA, MAYOR POLLY LOW, MAYOR PRO TEM MARGARET CLARK, COUNCIL MEMBER WILLIAM ALARCON, COUNCIL MEMBER STEVEN LY, COUNCIL P Pilw of9Kbs~ad