2002 Regular Session

HOUSE BILL 207

File Code: Taxes - Income Crossfiled with: SENATE BILL 553
Sponsored By:
Delegates Shriver, Hixson, Heller, and Franchot
Entitled:
Income Tax - Credit for Child and Dependent Care Expenses

Synopsis:

Altering the State income tax credit for child and dependent care expenses to equal 50% of the federal child and dependent care credit, increasing the credit by 10% each year until reaching 100% of the federal credit; increasing from $50,000 to $70,000 the maximum income for eligibility for the credit and from $25,000 to $35,000 in the case of a married individual filing a separate return; altering income levels at which the credit is phased out; applying the Act to tax years after 2001; etc.

History by Legislative Date

House Action
1/18
First Reading Ways and Means
1/24
Hearing 2/5 at 11:00 a.m.
Senate Action
No Action
Sponsored by:
Delegate Mark K. Shriver, District 15
Delegate Peter Franchot, District 20
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Bill indexed under the following Subjects:
DAY CARE
INCOME TAX
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-716 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered