HB20B-1014 Summary

• Establishes two separate income tax credits for 2020 and 2021 tax years for taxpayers affected by COVID-19 school closures during the 2020-21 school year.

• First credit covers costs incurred due to school suspension of in-person learning for at least 4 cumulative weeks, with maximum of $1,000 per year or $1,000 per child and $3,000 total per taxpayer across both years.

• Second credit covers lost income for taxpayers unable to work due to school closures or daycare center closures for at least 4 cumulative weeks, with maximum of $3,000 per year and $3,000 combined for both years.

• Requires taxpayers to retain receipts, cost lists, and statements from schools/daycare centers verifying closure periods; schools must provide verification within 60 days of request.

• Credits are non-refundable but may carry forward 3 years; taxpayers can claim only one credit type and both sections expire December 31, 2025.