CA AB2023

Allows excess child care tax credits to be paid to taxpayers for taxable years beginning January 1, 2019 through December 31, 2023, subject to appropriation by the Legislature through the annual Budget Act.

Sets maximum payment amounts of $250 for one qualifying individual or $500 for two or more qualifying individuals.

Establishes that unless otherwise specified in the Budget Act or appropriations bills, the default payment amount is zero dollars.

Applies to taxpayers with allowable credits that exceed their tax liability under existing child care expense provisions in the Revenue and Taxation Code.