Provides for the installment payment for the earned income credit

This bill changes how the state's Earned Income Tax Credit (EITC) is paid to qualifying low-to-moderate income workers. Instead of receiving the full credit as a single lump sum, taxpayers will receive payments in installments based on the credit amount: under $200 is paid in full at once; $200-$2,400 is paid in $200 monthly installments (plus a final partial payment); and over $2,400 is paid equally over 12 months. The bill directly affects individuals who claim the state EITC or enhanced EITC under existing tax law. It takes effect 120 days after enactment, with the tax commissioner authorized to adjust rules for implementation.