SB 197 IN
Child and dependent care tax credit.
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Summary
Provides a refundable child and dependent care tax credit to taxpayers whose adjusted gross income for the taxable year is not more than 250% of the federal poverty level. Provides that the credit is equal to the lesser of: (1) an amount ranging from $200 to $1,000, depending on the extent to which the taxpayer's adjusted gross income exceeds the federal poverty level; or (2) 20% of the taxpayer's employment related expenses.
Sponsor (1)
- Greg Taylor Democratic · author
Action history (2)
- Jan 9, 2024 Authored by Senator Taylor G · upper
- Jan 9, 2024 First reading: referred to Committee on Family and Children Services · upper
Subjects
CHILDREN AND MINORS; Child Care ProgramsTAXES; Credits
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