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2021 Senate Bill 98: Increase state child care income tax credit
Introduced by Sen. Jim Ananich (D) on February 3, 2021
To authorize a child care tax credit against the Michigan income tax that is based on the credit authorized by the 2017 federal income tax reform law, with the value of the state credit declining as an individual’s adjusted gross income rises above $40,000. The federal credit is a means-tested credit that is based on a percentage of child care expenses that are related to the taxpayer having a job.   Official Text and Analysis.
Referred to the Senate Finance Committee on February 3, 2021