Expands eligibility for the working families' tax credit to everyone age 18 and older.
The bill expands eligibility for the working families' tax credit to everyone age 18 and older. The credit is refundable and calculated based on income and the number of qualifying children. The refund amounts are adjusted for inflation annually. The Department of Revenue must review applications and determine eligibility, which may include verification through the Internal Revenue Service and other agencies. The credit is intended to provide tax relief to low-income and middle-income workers.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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