Modifies provisions relating to the "Missouri Working Family Tax Credit Act" and makes the tax credit refundable

Summary

The bill changes the state’s Working Family Tax Credit so that, starting in 2027, any excess credit is refunded to eligible taxpayers. It limits the credit to 10% of the federal earned‑income credit, with a possible increase to 20% if Missouri’s net general revenue rises by at least $150 million. The Department of Revenue must determine eligibility, notify taxpayers, and publish annual reports.

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