SB0395: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 7:28 PM (America/Indianapolis).
General Information
- Stage: Introduced Senate Bill (S)
- Current Chamber: senate
- Origin Chamber: senate
- Description: Child and dependent care tax credit.
Legislators
Authors (1)
Coauthors (0)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (2 total)
- Jan 13, 2025, 11:37 AM: First reading: referred to Committee on Tax and Fiscal Policy
- Jan 13, 2025, 11:37 AM: Authored by Senator Taylor G
Digest
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.