SB 1177 Creates a tax credit for home-based child care
LR Number:4699L.01I Fiscal Note:4699-01
Committee:Ways and Means
Last Action:02/27/02 - Second Read and Referred S Ways & Means Committee Journal page:S387
Effective Date:January 1, 2003
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Current Bill Summary

SB 1177 - This act creates a tax credit for resident individuals who receive no public assistance and whose child receives child care from a qualified spouse. A qualified spouse is one who is married to the taxpayer claiming the credit who is not employed and who does not receive any public assistance. The credit shall be equal to four hundred dollars. If the credit exceeds the tax liability of the taxpayer, the difference shall be refundable.