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HB18-1004

Continue Child Care Contribution Tax Credit

Concerning the continuation of the income tax credit for a qualifying contribution to promote child care in the state.
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes

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.)

Status

Introduced
Under Consideration

Bill Text