SENATE BILL 523

Sponsored By:

Senators Conway, Hughes, Trotter, Hollinger, McFadden, Sfikas, and Teitelbaum

Entitled:

Poverty Level Taxpayers - Refundable Income Tax Credit for Employment-Related Household and Dependent Care Expenses

Synopsis:

Allowing specified eligible low income taxpayers a credit against the State income tax in an amount equal to 10% of specified employment-related household and dependent care expenses; making the credit refundable if the credit exceeds the State income tax; applying the Act to tax years after 1997; etc.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

2/11

Hearing 2/25 at 1:30 p.m.

3/23

Unfavorable Report by Budget and Taxation

House Action

No Action

Sponsored by:

Senator Joan Carter Conway, District 43

Senator Paula Colodny Hollinger, District 11

Senator Ralph M. Hughes, District 40

Senator Nathaniel J. McFadden, District 45

Senator Perry Sfikas, District 46

Senator Leonard H. Teitelbaum, District 19

Senator Decatur W. Trotter, District 24

Bill indexed under the following Subjects:

DAY CARE

INCOME TAX

MINORS -see also- AGE OF MAJORITY; JUVENILE CAUSES; YOUTH

TAX CREDITS -see also- CIRCUIT BREAKER

TRANSPORTATION -see also- BUSES; MASS TRANSIT; RAILROADS

WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SAL COMP.

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-208 , 10-709 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered