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Bill Detail: HB18-1004

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Title Continue Child Care Contribution Tax Credit
Status Governor Signed (05/30/2018)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors J. Wilson (R)
J. Coleman (D)
Senate Sponsors J. Kefalas (D)
J. Tate (R)
House Committee Finance
Senate Committee Finance
Date Introduced 01/10/2018
Description

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.

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