MI HB4183

Allows taxpayers to claim a credit against Michigan income tax equal to a percentage of the federal child and dependent care credit under Internal Revenue Code Section 21, effective for tax years beginning after December 31, 2018.

Credit percentage varies by adjusted gross income: 110% for incomes under $25,000; 100% for $25,000–$39,999; 80% for $40,000–$64,999; 20% for $65,000–$99,999; and 0% for incomes $100,000 or more.

Any credit amount exceeding the taxpayer's tax liability for the year shall be refunded to the taxpayer.