HB17-1002

HB17-1002 - Child Care Expenses Income Tax Credit Extension

Passed/Signed into Law
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.

For the 3 income tax years prior to January 1, 2017, a residential 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. The tax credit is equal to 25% of eligible child care expenses that the individual incurred during the taxable year, up to a maximum amount of $500 for a single dependent or $1,000 for 2 or more dependents. The bill extends the tax credit for 3 more income tax years.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: June 2, 2017
06/02/2017 - Governor Signed
05/22/2017 - Sent to the Governor
05/19/2017 - Signed by the Speaker of the House
05/19/2017 - Signed by the President of the Senate
05/10/2017 - House Considered Senate Amendments - Result was to Concur - Repass
05/10/2017 - Senate Third Reading Passed with Amendments - Floor
05/09/2017 - Senate Second Reading Special Order - Passed with Amendments - Floor
05/09/2017 - Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
05/05/2017 - Senate Committee on Finance Refer Unamended to Appropriations
05/03/2017 - Introduced In Senate - Assigned to Finance
05/03/2017 - House Third Reading Passed - No Amendments
05/02/2017 - House Second Reading Special Order - Passed - No Amendments
05/02/2017 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
02/27/2017 - House Committee on Finance Refer Unamended to Appropriations
01/11/2017 - Introduced In House - Assigned to Finance + Appropriations