Florida Senate - 2020                                     SB 254
       
       
        
       By Senator Rodriguez
       
       
       
       
       
       37-00395A-20                                           2020254__
    1                        A bill to be entitled                      
    2         An act relating to a working persons tax rebate study;
    3         requiring the Department of Revenue, in consultation
    4         with the Office of Economic and Demographic Research,
    5         to conduct a study and prepare a report examining the
    6         implementation of a tax rebate program for certain
    7         persons or households receiving the federal Earned
    8         Income Tax Credit; specifying requirements for the
    9         report; requiring the department to submit the report
   10         to the Governor and Cabinet and the Legislature by a
   11         certain date; providing an effective date.
   12          
   13  Be It Enacted by the Legislature of the State of Florida:
   14  
   15         Section 1. (1) The Department of Revenue, in consultation
   16  with the Office of Economic and Demographic Research, shall
   17  conduct a study and prepare a report examining the
   18  implementation of a tax rebate program for persons or households
   19  who qualify for and receive a tax credit under the federal
   20  Earned Income Tax Credit program and who maintained residence in
   21  this state during the entire tax year for which the credit was
   22  claimed.
   23         (2) The report must include all of the following:
   24         (a) An analysis of the economic activity of, and state
   25  taxes paid by, persons and households residing in this state who
   26  qualify for the federal Earned Income Tax Credit.
   27         (b) Legislative proposals to implement a program providing
   28  a rebate of state taxes paid by such persons and households
   29  during the tax year for which the federal Earned Income Tax
   30  Credit was claimed, up to a limit of 10 percent of the amount of
   31  the federal Earned Income Tax Credit received by the person or
   32  household.
   33         (c) An analysis of the feasibility of creating and
   34  implementing the tax rebate program using data provided by the
   35  Internal Revenue Service or another federal agency so that a
   36  person or household may receive funds from the state without
   37  having to complete an annual application and provide
   38  documentation.
   39         (d) If the analysis conducted under paragraph (c)
   40  determines that an automatic program is not feasible, the
   41  identification and analysis of specific barriers to the creation
   42  of such a program and proposed solutions for the removal of the
   43  barriers.
   44         (e) If the analysis conducted under paragraph (c)
   45  determines that an automatic program is feasible, a legislative
   46  proposal to implement the automatic program.
   47         (3) The Department of Revenue shall submit the report to
   48  the Governor and Cabinet, the President of the Senate, the
   49  Speaker of the House of Representatives, the Minority Leader of
   50  the Senate, and the Minority Leader of the House of
   51  Representatives by December 31, 2020.
   52         Section 2. This act shall take effect July 1, 2020.