HB 2096: Concerning the working families’ tax exemption, also known as the working families’ tax credit

HB 2096 changes definitions and language related to the Working Families Tax Credit. Additionally, the bill clarifies how refund amounts will be adjusted for inflation each year and removes existing language allowing the Department of Revenue to gather data. The bill also strikes language stating that companies that make a false return or a return containing a false statement will be punished with a fine.