Florida Senate - 2020 SB By Senator Rodriguez 37-00395A-20 2020254__ CODING: Words stricken are deletions; words underlined are additions. A bill to be entitled

An act relating to a working persons tax rebate study; 2 requiring the Department of Revenue, in consultation with the Office of Economic and Demographic Research, 4 to conduct a study and prepare a report examining the implementation of a tax rebate program for certain persons or households receiving the federal Earned Income Tax Credit; specifying requirements for the report; requiring the department to submit the report to the Governor and Cabinet and the Legislature by a certain date; providing an effective date. 11

Be It Enacted by the Legislature of the State of Florida: 13

Section 1.

(1) The Department of Revenue, in consultation with the Office of Economic and Demographic Research, shall conduct a study and prepare a report examining the implementation of a tax rebate program for persons or households who qualify for and receive a tax credit under the federal Earned Income Tax Credit program and who maintained residence in this state during the entire tax year for which the credit was claimed. 22

(2) The report must include all of the following: 23

(

a) An analysis of the economic activity of, and state taxes paid by, persons and households residing in this state who qualify for the federal Earned Income Tax Credit. 26

(

b) Legislative proposals to implement a program providing a rebate of state taxes paid by such persons and households during the tax year for which the federal Earned Income Tax Florida Senate - 2020 SB 254 37-00395A-20 2020254__ CODING: Words stricken are deletions; words underlined are additions. Credit was claimed, up to a limit of percent of the amount of the federal Earned Income Tax Credit received by the person or household. 32

(

c) An analysis of the feasibility of creating and implementing the tax rebate program using data provided by the Internal Revenue Service or another federal agency so that a person or household may receive funds from the state without having to complete an annual application and provide documentation. 38

(

d) If the analysis conducted under paragraph

(c) 39 determines that an automatic program is not feasible, the identification and analysis of specific barriers to the creation of such a program and proposed solutions for the removal of the barriers. 43

(

e) If the analysis conducted under paragraph

(c) 44 determines that an automatic program is feasible, a legislative proposal to implement the automatic program. 46

(3) The Department of Revenue shall submit the report to the Governor and Cabinet, the President of the Senate, the Speaker of the House of Representatives, the Minority Leader of the Senate, and the Minority Leader of the House of Representatives by December 31, 2020. 51

Section 2. This act shall take effect July 1, 2020. 52