Bill > SB5249

This bill expands eligibility for the working families' tax credit to everyone age 18 and older. The key provisions include: 1. Expanding the definition of "eligible low-income person" to include individuals who would otherwise qualify for the federal Earned Income Tax Credit (EITC) but used a taxpayer identification number instead of a social security number, as well as individuals who meet the EITC requirements except for the age requirement, as long as they are at least 18 years old. 2. Maintaining the existing refund amounts and phaseout thresholds for the working families' tax credit, which provides up to $1,200 for eligible individuals with three or more qualifying children. 3. Directing the Department of Revenue to administer the credit, including designing a public information campaign and working with the IRS to implement an automatic application process. 4. Providing that receipt of the credit will not be used in eligibility determinations for state income support programs or public charge determinations. The bill also extends the review and potential expiration timeline for the working families' tax credit, and specifies that the act takes effect on January 1, 2024.