An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in Pennsylvania Child and Dependent Care Enhancement Tax Credit Program, further providing for definitions and for credit for child and dependent care employment-related expenses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends Pennsylvania’s Child and Dependent Care Enhancement Tax Credit Program. It adjusts the definition of ‘applicable percent’ used in calculating the credit, linking it to specific Internal Revenue Code dates. Specifically, it increases the credit amount for taxable years beginning after December 31, 2025, providing a higher percentage of employment-related childcare expenses, up to 100% of expenses, subject to certain limits and the ‘applicable percent’ rate.
Key provisions
- Defines ‘applicable percent’ based on Internal Revenue Code dates.
- Increases the child and dependent care tax credit for taxable years beginning after December 31, 2025.
- Allows a credit of up to 100% of qualified childcare expenses, limited to $3,000 for one qualifying individual or $6,000 for two or more.
- The credit calculation is tied to an ‘applicable percent’ rate, which changes based on the tax year.
- Updates the definition of ‘applicable percent’ to align with relevant Internal Revenue Code sections.
Who is affected
- Taxpayers with qualifying children or dependents.
- Parents and caregivers who pay for childcare services.
- Childcare providers.
- Pennsylvania residents.
Notable changes
- Increases the percentage of childcare expenses eligible for the tax credit.
Bill text
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Document of record
- Version
- Pn 1825 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Christine Tartaglione
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