HB1412
Child day-care facility investment and child day-care expense reimbursement; income tax credits.
Status:
In House
Latest Action:
Feb. 2, 2026
House: Subcommittee recommends laying on the table (7-Y 3-N)
Chief Patron:
Tony Wilt (R)
Session:
2026 Regular Session
Summary
As Introduced. Child day-care
facility investment and child day-care expense reimbursement tax credits. Reinstates, beginning January 1, 2027, the day-care facility investment tax credit previously deemed obsolete. The bill 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 ... (More) that are either paid directly by the taxpayer or reimbursed by such taxpayer to the taxpayer's employees during the taxable year. The bill also increases from $25,000 to $50,000 the amount a taxpayer may claim a credit for establishing a child day-care facility in taxable years beginning on and after January 1, 2027. Finally, the bill provides that approval of applications for the credits shall be limited to those that are assumed to result in no more than $5 million of credits in any fiscal year. Under current law, such limit is $100,000. (Less)-
Bill History
- 01/22/2026 - House: Presented and ordered printed 26105244D
- 01/22/2026 - House: Referred to Committee on Finance
- 01/30/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Placed on Finance Agenda
- 02/01/2026 - House: Fiscal Impact statement From TAX (2/1/2026 4:07 pm)
- 02/02/2026 - House: Subcommittee recommends laying on the table (7-Y 3-N)
