David Zimmerman Co-Sponsored (Introduced) this Legislation.
Title: Establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program
Vote to pass a bill that establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program.
Establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program (Sec. 1).
Specifies that amounts paid to an employer for an employee for dependent care assistance is tax exempt (Sec. 1).
Specifies that for taxpayers who receive tax credits post-January 1st 2023 and before December 31st 2025, the amount they shall receive will be one of the following depending on whichever is less (Sec. 1):
35% of total amount of expenses incurred while employed;
$3,500 for one taxpayer;
$7,000 for two taxpayers.
Defines ascending amounts for the tax credits in the years following December 1st 2025 (Sec. 2025).
Title: Establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program