Indiana Senate Bill 364 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-31 - Senator Stoops added as author
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Amended) [PDF]

Child care tax credit. Provides a child care tax credit against state income tax liability if the taxpayer's adjusted gross income for the taxable year is not more than $37,000. Provides that the credit is equal to the lesser of: (1) an amount ranging from $50 to $500, depending on the taxpayer's adjusted gross income; or (2) 20% of the taxpayer's employment related child care expenses. Provides that a taxpayer is not entitled to a carryback or refund of any unused tax credit, but the taxpayer may carry over excess credits to subsequent taxable years.

Child care tax credit. Provides a child care tax credit against state income tax liability if the taxpayer's adjusted gross income for the taxable year is not more than $37,000. Provides that the credit is equal to the lesser of: (1) an amount ranging from $50 to $500, depending on the taxpayer's adjusted gross income; or (2) 20% of the taxpayer's employment related child care expenses. Provides that a taxpayer is not entitled to a carryback or refund of any unused tax credit, but the taxpayer may carry over excess credits to subsequent taxable years.

Sen. Mark Stoops [D]

Date	Chamber	Action
2017-01-31	Senate	Senator Stoops added as author
2017-01-31	Senate	Senator Lanane removed as author
2017-01-31	Senate	Committee report: amend do pass adopted; reassigned to Committee on Tax and Fiscal Policy
2017-01-10	Senate	First reading: referred to Committee on Rules and Legislative Procedure
2017-01-10	Senate	Authored by Senator Lanane

Type	Source
Summary	https://iga.in.gov/legislative/2017/bills/senate/364/details
Text	http://iga.in.gov/static-documents/3/a/d/a/3ada02c3/SB0364.01.INTR.pdf
Text	http://iga.in.gov/static-documents/0/7/6/2/07622873/SB0364.01.INTR.pdf
Text	http://iga.in.gov/static-documents/a/f/1/5/af15e4e3/SB0364.02.COMS.pdf