HB403
Income tax, state; credits for child care-related expenses.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (7-Y 2-N)
Chief Patron:
David Reid (D)
Session:
2026 Regular Session
Summary
As Introduced. Income tax credits; child care-related expenses.
Establishes in taxable years 2026 through 2030 (i) a refundable tax credit in an amount equal to 20 percent of the credit claimed by a qualified taxpayer, as defined in the bill, pursuant to the federal Employer-Provided Childcare Credit, and (ii) a refundable tax credit equal to 50 percent of ... (More) an employer's qualified child care expenditures, as defined in the bill. The bill directs that the aggregate amount of credit for an employer's qualified child care expenditures shall not exceed $500,000 per taxable year and such amount shall be adjusted annually for inflation. (Less)-
Bill History
- 01/12/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26101204D
- 01/12/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 01/31/2026 - House: Fiscal Impact statement From TAX (1/31/2026 3:31 pm)
- 02/02/2026 - House: Subcommittee recommends laying on the table (7-Y 2-N)
