HB2345
Child day-care facility investment and child day-care expense reimbursement; income tax credits.
Summary
As Introduced. Child day-care
facility investment and child day-care expense reimbursement tax credits. Allows a taxpayer to claim a nonrefundable income tax credit for 25 percent of amounts incurred for eligible child day-care expenses of the taxpayer's employees that are either paid directly by the taxpayer or reimbursed by such taxpayer to the taxpayer's ... (More) employees during the taxable year. The bill also increases from $25,000 to $50,000 the amount for which a taxpayer may claim a credit for establishing a child day-care facility for taxable years beginning on and after January 1, 2026. Finally, approval of applications for the credits shall be limited to those that are assumed to result in no more than $200,000 of credits in any fiscal year. Under current law, such limit is $100,000. (Less)-
Bill History
- 01/08/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25102783D
- 01/08/2025 - House: Referred to Committee on Finance
- 01/24/2025 - House: Assigned Finance sub: Subcommittee #2
- 01/25/2025 - House: Placed on Finance Agenda
- 01/25/2025 - House: Impact statement from TAX (HB2345)
- 01/28/2025 - House: Subcommittee recommends laying on the table (5-Y 2-N)
- 02/04/2025 - House: Left in Finance
