Official Text and Analysis.

• Expands eligibility for the working families tax exemption to include Individual Taxpayer Identification Number filers. • Expands the base remittance amount for the working families tax exemption and establishes phaseout rates for the remittance.

Removes the requirement that the WFTE be approved in the state operating budget prior to any claims being made.

• Expands eligibility for the working families tax exemption to include Individual Taxpayer Identification Number filers. • Expands the base remittance amount for the working families tax exemption and establishes phaseout rates for the remittance.

Creates a tax preference performance statement requiring JLARC to review the program in 2028 and every 10 years thereafter. Expires the program at the end of the calendar year two years after the adoption of a final report by JLARC that finds that the program does not provide meaningful financial relief to low-income and middle-income households.

Allows a child to qualify under the program with a valid individual taxpayer identification number in lieu of a social security number.

Modifies refund payouts as follows: (1) For eligible persons with no qualifying children, $500 is replaced with $300; (2) For eligible persons with one qualifying child, $650 is replaced with $600; (3) For eligible persons with two qualifying children, $800 is replaced with $900; and (4) For eligible persons with three or more qualifying children, $950 is replaced with $1,200.

House concurred in Senate amendment(s).