Personal Income Tax: Credit: Childcare Costs.

AI Summary

The bill aims to provide a tax credit for eligible childcare expenses incurred by individuals. It allows taxpayers to claim a credit against their federal income tax liability for a percentage of qualified childcare costs. This credit is designed to help alleviate the financial burden of childcare expenses for working families. The bill outlines the eligibility criteria, maximum credit amount, and types of expenses that qualify. If passed, this legislation could potentially reduce the out-of-pocket costs associated with childcare for many American families.

• 2022-12-05: Read first time. To print.

• 2022-12-06: From printer. May be heard in committee January 5.

• 2023-03-02: Referred to Com. on REV. & TAX.

• 2023-03-02: From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

• 2023-03-06: Re-referred to Com. on REV. & TAX.

• 2023-03-21: In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

• 2023-05-01: In committee: Set, second hearing. Held under submission.

• 2024-01-31: Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

• 2024-02-01: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.