File Code: Taxes - Income
Crossfiled with: HOUSE BILL 207
- Sponsored By:
-
Senators Van Hollen, Currie, Forehand, Frosh, Lawlah, and
McFadden
- 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.
Senate Action
- 2/1
- First Reading Budget and Taxation
- 2/5
- Hearing 2/13 at 1:30 p.m.
- 3/21
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Christopher Van Hollen, Jr., District 18
- Senator Ulysses Currie, District 25
- Senator Jennie M. Forehand, District 17
- Senator Brian E. Frosh, District 16
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- 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
