summary
Introduced
02/27/2025
02/27/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An act relating to tax rebates for low- to moderate- income residents; creating the Working Floridians Tax Rebate Program within the Department of Revenue for a certain purpose; granting specified people and households certain state funds if they received the federal Earned Income Tax Credit and meet certain criteria; specifying the calculation of the rebate and procedures for disbursing the funds within a certain timeframe; requiring the department to provide to the Governor, the Cabinet, and the Legislature a certain report by a specified date; prohibiting receipt of the rebate from being used in certain program eligibility determinations; authorizing the department to adopt emergency rules; providing applicability; providing an effective date.
AI Summary
This bill establishes the Working Floridians Tax Rebate Program within the Department of Revenue to provide tax relief for low- to moderate-income residents. The program allows individuals or households who have received the federal Earned Income Tax Credit (EITC) to apply for a state rebate equal to 20 percent of their federal EITC amount. To qualify, applicants must maintain a Florida residence, submit an application by June 30 of the year they received the EITC, and provide documentation verifying their federal EITC. The Department of Revenue will process applications within 30 days and issue rebates via check or direct deposit. The bill requires the department to submit a report by December 31, 2024, exploring the feasibility of creating an automatic rebate program that would eliminate the need for annual applications. Importantly, the rebate cannot be used in determining eligibility for programs like Medicaid, Florida Kidcare, cash assistance, or food assistance. The program will apply to federal EITC credits granted on or after January 1, 2026, with the act taking effect on July 1, 2025. The department is authorized to adopt emergency rules to implement the program, with these rules being effective for six months and potentially renewable.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Indefinitely postponed and withdrawn from consideration (on 05/03/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.flsenate.gov/Session/Bill/2025/1331 |
BillText | https://www.flsenate.gov/Session/Bill/2025/1331/BillText/Filed/PDF |
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