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