FL H1601

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

Grants eligible Florida residents a state rebate equal to 20% of their federal Earned Income Tax Credit (EITC), paid by check or direct deposit within 30 days of a verified application; applicants must apply by June 30 of the year they received the federal EITC

Requires the Department of Revenue to submit a report by December 31, 2024, to the Governor, Cabinet, and legislative leaders on the feasibility of creating an automatic rebate program using IRS data, including a legislative proposal if feasible or identification of barriers if not

Prohibits the rebate from being counted in eligibility determinations for Medicaid, Florida Kidcare, cash assistance, or the Supplemental Nutrition Assistance Program (SNAP)

Applies to federal EITC received on or after January 1, 2025, with an effective date of July 1, 2024; authorizes the Department of Revenue to adopt emergency rules effective for 6 months to implement the program