Vote Smart's Synopsis:

Vote to pass a bill that establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program.

Highlights:

• 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).

Full Bill Text