HB18-1004

HB18-1004 - Continue Child Care Contribution Tax Credit

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Concerning the continuation of the income tax credit for a qualifying contribution to promote child care in the state.

A taxpayer who makes a monetary contribution to promote child care in the state is allowed an income tax credit that is equal to 50% of the total value of the contribution. This exemption is currently available for income tax years that commence prior to January 1, 2020. The bill extends the credit for 5 years.

(Note: This summary applies to this bill as introduced.)

Latest update: January 10, 2018
01/10/2018 - Introduced In House - Assigned to Finance + Appropriations