IN SB0395 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-13 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2025 - 25% progression
Action: 2025-01-13 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Child and dependent care tax credit. 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.
Title
Child and dependent care tax credit.
Sponsors
| Sen. Greg Taylor [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
| 2025-01-13 | Senate | Authored by Senator Taylor G |
