IN SB0197 | 2024 | Regular Session

Indiana Senate Bill 197

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-09 - First reading: referred to Committee on Family and Children Services
Pending: Senate Family & Children Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Child and dependent care tax credit. Provides a refundable child and dependent care tax credit to taxpayers whose adjusted gross income for the taxable year is not more than 250% of the federal poverty level. Provides that the credit is equal to the lesser of: (1) an amount ranging from $200 to $1,000, depending on the extent to which the taxpayer's adjusted gross income exceeds the federal poverty level; or (2) 20% of the taxpayer's employment related expenses.

Title

Child and dependent care tax credit.

History

Date	Chamber	Action
2024-01-09	Senate	First reading: referred to Committee on Family and Children Services
2024-01-09	Senate	Authored by Senator Taylor G

Indiana State Sources

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/senate/197/details
Text	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0197/SB0197.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/senate/bills/SB0197/fiscal-notes/SB0197.01.INTR.FN001.pdf