HB 2094 -- Income Tax: Child Care Tax Credits
This bill authorizes a state individual income tax credit equal
to any amount claimed as a credit for child and dependent care
expenses on the individual's federal income tax return.
The bill also allows an individual income tax credit equal to
$400 for any qualified spouse who has a legal obligation to care
for a child 6 years of age or less. The qualified spouse must
provide care for the child, cannot be gainfully employed, and
may not receive public assistance. The qualified spouse must
file an affidavit attesting to being a qualified spouse as
defined in the bill.
The bill also authorizes a state income tax credit equal to 10%
of certain expenditures made in making child care services
available to employees of the taxpayer. To qualify for the
credit, the taxpayer must provide subsidized child care services
based on need; not discriminate based on race, creed, religion,
or national origin; and use a licensed child care facility. Any
excess unused credit may be carried forward to future tax
years. The bill will apply to tax years beginning on or after
January 1, 2001.
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Last Updated October 5, 2000 at 11:36 am