FL S1786

Creates the Florida Working Families Tax Rebate Program within the Department of Revenue to provide state funds to individuals and households who received federal Earned Income Tax Credit (EITC) benefits.

Eligible applicants must apply by June 30 of the year they received the federal EITC and provide documentation verifying the credit amount received.

Department of Revenue must issue payment equal to 10 percent of the federal EITC amount within 30 days of verifying a completed application.

Requires the Department of Revenue to submit a report by December 31, 2019, evaluating the feasibility of creating an automatic rebate program using IRS data to eliminate annual application requirements.

Appropriates $510 million from the General Revenue Fund for the 2019-2020 fiscal year to implement the program, effective July 1, 2019, for credits granted on or after January 1, 2019.