HB19-1013
Child Care Expenses Tax Credit Low-income Families
Concerning the extension of the income tax credit for child care expenses paid by a resident individual with a federal adjusted gross income of twenty-five thousand dollars or less.
Session:
2019 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
Child care expenses - income tax credit - individuals with low income - extension. For income tax years prior to January 1, 2021, a resident individual who has a federal adjusted gross income of $25,000 or less may claim a refundable state income tax credit for child care expenses for the care of a dependent who is less than 13 years old. The act extends the tax credit for 8 years.
(Note: This summary applies to this bill as enacted.)