HB16-1045 - Starting The Child Tax Credit

Postponed Indefinitely
Concerning The Start Of The Child Tax Credit.

Early Childhood and School Readiness Legislative Commission. In 2013, the general assembly created a child tax credit against state income taxes for a resident individual. But the credit, which is a percentage of the federal child tax credit based on the taxpayer's income, is only allowed after the United States congress enacts a version of the "Marketplace Fairness Act".

The bill repeals the contingent start of the tax credit and instead allows the credit to be claimed for any income tax year beginning with the 2016 income tax year.

House Committees

Latest update: March 2, 2016
03/02/2016 House Committee on Finance Postpone Indefinitely
01/13/2016 Introduced In House - Assigned to Finance