REENACT CHILD CARE TAX CREDIT.

View NCGA Bill Details2019-2020 Session
Senate Bill 236 (Public) Filed Wednesday, March 13, 2019
AN ACT TO REENACT THE CHILD CARE TAX CREDIT.
Intro. by Mohammed, Foushee.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 14 2019)

Bill History:

S 236

Bill Summaries:

  • Summary date: Mar 13 2019 - More information

    Reenacts GS 105-151.11 (Credit for child care and certain employment-related expenses) as it existed immediately before its expiration on January 1, 2014. Recodifies the statute as GS 105-153.11. Provides for a tax credit for employment-related expenses incurred by a taxpayer based on the taxpayer's filing status, adjusted gross income, and qualifying dependent(s)'s status, with the applicable percentage ranging from 9% to 13%. Caps the amount of employment-related expenses for which a credit can be claimed at $3,000 for taxpayers with a household that includes one qualifying individual, and $6,000 for taxpayers with a household that includes more than one qualifying individual. Updates statutory references concerning calculations for nonresidents and part-time residents. Effective for taxable years beginning on or after January 1, 2019.


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