RELATING TO A CHILD TAX CREDIT.

SB 1053 establishes a refundable child tax credit for families with children, directly affecting taxpayers filing returns for taxable years starting after December 31, 2025. The credit reduces tax liability and can provide a cash payment even if no tax is owed. It applies to families meeting specific criteria (not detailed in the abstract) and is structured as a refundable benefit. The bill is currently in committee referral after its first reading, with no further legislative actions yet.