Enhances the working families' tax credit by improving collection services and increasing participation rates through data-sharing agreements.

The bill modifies the working families' tax credit by enhancing collection services and increasing participation rates through data-sharing agreements. It amends the refund calculation and eligibility criteria, adjusting the credit amount based on the number of qualifying children and income levels. The bill also mandates the Department of Revenue to enter into a memorandum of understanding with the authority to establish necessary information-sharing practices. It aims to ensure that eligible low-income persons receive the correct refund amount and that the credit is administered efficiently.

Enhances the working families' tax credit by improving collection services and increasing participation rates through data-sharing agreements.

The bill modifies the working families' tax credit by enhancing collection services and increasing participation rates through data-sharing agreements. It amends the refund calculation and eligibility criteria, adjusting the credit amount based on the number of qualifying children and income levels. The bill also mandates the Department of Revenue to enter into a memorandum of understanding with the authority to establish necessary information-sharing practices. It aims to ensure that eligible low-income persons receive the correct refund amount and that the credit is administered efficiently.