This bill expands the tax credits and exclusions that are available for child care expenses. The bill includes provisions that
increase the tax credit for employer-provided child care facilities;
increase the household and dependent care tax credit and make the credit refundable;
allow a new $2,000 annual tax credit for three years for child care providers who hold a bachelor's degree in early childhood education, child care, or a related degree and who provide at least 1,200 hours of child care services in a taxable year; and
increase the tax exclusion for employer-provided dependent care assistance.
Actions
Jan 16, 2019
Read twice and referred to the Committee on Finance.