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Legislative Year: 2023 Change
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Bill Detail: HB23-1091

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Title Continuation Of Child Care Contribution Tax Credit
Status House Committee on Finance Refer Amended to Appropriations (02/02/2023)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors C. Kipp (D)
R. Pugliese (R)
Senate Sponsors J. Rich (R)
J. Marchman (D)
House Committee Finance
Senate Committee
Date Introduced 01/19/2023
Summary

A taxpayer who makes a monetary contribution to promote child
care in the state is allowed an income tax credit that is equal to 50% of the
total value of the contribution. This exemption is currently available for
income tax years that commence prior to January 1, 2025. The bill
extends the credit for 3 years and increases the types of contributions that
qualify for the tax credit to include in-kind donations of real property,
which include the value of leasing real property below market value, to
promote child care.
The bill adds a statutory legislative declaration to comply with an
existing statutory requirement that any bill that extends a tax expenditure
include a statutory legislative declaration. The bill also requires the state
auditor to prepare the tax expenditure evaluation report for the credit that
is periodically required by current law in the income tax year
commencing January 1, 2026.

Committee Reports
with Amendments
Full Text
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Fiscal Notes Fiscal Notes (02/01/2023) (most recent)  
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