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ND HB1164
Bill
Status
1/6/2017
Primary Sponsor
Pamela Anderson
Click for details
AI Summary
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Corporations reimbursing employees for qualified child care expenditures receive a credit against corporate income tax equal to the amount reimbursed during the taxable year.
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Qualified child care expenditures are limited to amounts paid by legal guardians for child care services provided by home, group, or center facilities licensed by the department of human services.
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Excess tax credits exceeding a corporation's tax liability may be carried forward to future taxable years.
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Reimbursed child care expenditures cannot be used to calculate any other state income tax deduction or credit.
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The credit is effective for taxable years beginning after December 31, 2016.
Legislative Description
A corporate income tax credit for reimbursement of employee child care expenditures; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 14 nays 76
1/19/2017