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ND SB2237
Bill
Status
1/11/2019
Primary Sponsor
Jonell Bakke
Click for details
AI Summary
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Corporations are allowed a tax credit equal to amounts reimbursed to employees during the taxable year for qualified child care expenditures.
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Qualified child care expenditures include payments by legal guardians for child care services from homes, groups, or centers licensed by the department of human services.
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Excess credits exceeding tax liability may be carried forward to future taxable years.
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Employers in North Dakota can reduce taxable income by twice the amount paid to reimburse employees for qualified child care expenditures.
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The provisions are effective for taxable years beginning after December 31, 2018.
Legislative Description
A corporate income tax credit and an employer deduction for reimbursement of employee child care expenditures; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 13 nays 32
1/28/2019