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HB20-1112

Expand Child Care Contribution Income Tax Credit

Concerning the expansion of the state income tax credit for a monetary contribution to promote child care.
Session:
2020 Regular Session
Subjects:
Fiscal Policy & Taxes
Transportation & Motor Vehicles
Bill Summary

There is currently a state income tax credit for a monetary contribution made prior to January 1, 2025, to promote child care in the state (credit). The credit is equal to 50% of a qualifying contribution. For income tax years that commence on or after January 1, 2020, the bill:

  • Increases the age of a child from 12 to 18 in the definition of "child care", which expands the types of facilities to which a donation would qualify for the credit; and
  • Specifies that a monetary contribution to a child advocacy center is a monetary contribution to promote child care in the state.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. E. Hooton

Sponsor

Co-sponsor