Introduced
by
To authorize a “refundable” state income tax credit (essentially a cash subsidy in many cases) that would be a percentage of a federal income tax child care credit the individual can claim, with the percentage “means tested” on the basis of gross income (ranging from 110 percent for households with less than $25,000 income to 20 percent for those between $65,000 and $100,000).
Referred to the Committee on Finance
