Introduced
by
To establish that an individual is entitled to claim the same child care tax credit against Michigan income tax as the credit authorized by the 2017 federal tax reform law. This is a means-tested credit that is based on a percentage of child care expenses that are related to the taxpayer having a job, up to $6,000, or $3,000 if there is just one dependent. The credit would not be "refundable" (meaning the taxpayer would not get a check from the state for the amount the credit exceeded their income tax liability).
Referred to the Committee on Finance
