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ND SB2305
Bill
Status
1/23/2017
Primary Sponsor
Erin Oban
Click for details
AI Summary
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Allows corporations to claim a tax credit against corporate income tax equal to the amount reimbursed to employees for qualified child care expenditures during the taxable year.
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Defines "qualified child care expenditures" as amounts paid by legal guardians for child care services provided by homes, groups, or centers licensed by the North Dakota Department of Human Services.
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Permits excess tax credits that exceed the taxpayer's current tax liability to be carried forward to future taxable years.
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Prohibits reimbursed child care expenditures from being used to calculate any other state income tax deduction or credit.
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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 12 nays 32
2/7/2017