HB20-1112
Expand Child Care Contribution Income Tax Credit
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the expansion of the state income tax credit for a monetary contribution to promote child care.
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.)
Prime Sponsors
Representative
Edie Hooton
Committees
Related Documents & Information
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 | The motion passed on a vote of 8-2. | Vote summary |
| Refer House Bill 20-1112, as amended, to the Committee on Appropriations. | The motion passed on a vote of 8-2. | Vote summary |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 02/10/2020 | L.002 | HOU Finance | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 06/16/2020 | House | House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
| 02/10/2020 | House | House Committee on Finance Refer Amended to Appropriations |
| 01/15/2020 | House | Introduced In House - Assigned to Finance + Appropriations |