2006 Regular Session

SENATE BILL 478

File Code: Taxes - Income Prior Year Introduction As: HB 988/03 - W&M Crossfiled with: HOUSE BILL 337
Sponsored By:
Senator Pipkin
Entitled:
Tax Credit for Cost of Employee Child Care Expenses

Synopsis:

Allowing a credit against the State income tax for costs incurred by an employer for child care expenses of an employee who works or resides in the State and whose income is at or below the median income for the State if the employer pays at least 10% of the employee's child care expenses; and providing that the credit may not exceed the State income tax for that taxable year and that any unused credit may not be carried over to any other taxable year.

History by Legislative Date

Senate Action
2/2
First Reading Budget and Taxation
2/8
Hearing 2/22 at 1:00 p.m.
2/15
Hearing cancelled
Hearing 2/22 at 12:30 p.m.
House Action
No Action

Bill indexed under the following Subjects:

CHILD CARE
INCOME TAX
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

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