HB 1141 -- Income Tax Credit for Child Care

Sponsor:  Ward

This bill allows any resident individual taxpayer who fails to
receive the federal income tax child care credit because of the
dependency test provided in section 21 (e) (5) of the Internal
Revenue Code, and who would have otherwise qualified, to take as
a credit against state income tax an amount equal to the federal
child care tax credit had the taxpayer qualified.  The credit
will not be available to any taxpayer who received a federal
child care tax credit.

The credit is not refundable and will apply to tax year 2000 and
thereafter.