SB 1531 Teachers, qualified; creates dependent care tax credit.
Lynwood W. Lewis, Jr. | all patrons    ...    notes
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Summary as introduced:
Dependent care tax credit for qualified teachers. Creates a tax credit for the household and dependent care expenses of teachers who teach at public elementary or secondary schools in the Commonwealth at which at least 40% of the students qualify for free or reduced lunch. The credit would be equal to the federal household and dependent care tax credit and would be in addition to the state income tax deduction for such expenses. The total amount of credits available would be capped at $1 million per year. The credit would be available for taxable years beginning on and after January 1, 2017, but before January 1, 2022.

Full text:
01/20/17  Senate: Presented and ordered printed 17104020D  pdf | impact statement

Status:
01/20/17  Senate: Presented and ordered printed 17104020D
01/20/17  Senate: Referred to Committee on Finance
01/31/17  Senate: Passed by indefinitely in Finance with letter (16-Y 0-N)