FL S1592

Creates the Florida Working Families Tax Rebate Program within the Department of Revenue to provide low-income working residents relief on sales taxes, fuel taxes, property taxes, and other state taxes and fees

Eligible individuals or households who received the federal Earned Income Tax Credit may apply by June 30 and receive a state rebate equal to 10% of their federal EITC amount

Applicants must maintain a Florida residence, submit a department application form, and provide documentation verifying their federal EITC receipt and amount

Department of Revenue must issue payment via check or direct deposit within 30 days of receiving a verified application

Requires the department to submit a report by December 31, 2020, on the feasibility of automating the program using IRS data to eliminate annual applications

Appropriates $510 million from the General Revenue Fund for the 2020-2021 fiscal year to implement the program, applying to federal EITC credits granted on or after January 1, 2021