REENACT CHILD CARE TAX CREDIT.

View NCGA Bill Details2021
Senate Bill 178 (Public) Filed Wednesday, March 3, 2021
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 4 2021)

Bill History:

S 178

Bill Summaries:

  • Summary date: Mar 3 2021 - 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, 2021.


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