Individual income tax; dependent care credit expanded, and Great Start child care credit established.
Dependent care credit expansion
Minnesota child credit expanded, and fifth tier and rate on the individual income tax established.
Individual income tax; eligible expenses for the Minnesota education credit expanded.
To Amend The Individual Income Tax Laws; And To Create An Income Tax Credit For Dependent Children.
Individual income and corporate franchise taxes; subtraction for employer-provided dependent care assistance allowed, and tax credit for employer-provided child care expenses established.
Tax refunds; tip income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established.
Income tax; creating the Promote Child Thriving Act; providing credit for certain married individuals with dependents. Effective date.
Income tax; creating the Promote Child Thriving Act; providing credit for certain married individuals with dependents. Effective date.
Tax refunds; overtime income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established.