Minnesota HF1384 expands the dependent care credit and establishes the Great Start child care credit.

Minnesota HF1384 amends the state's individual income tax laws to expand the dependent care credit and establish the Great Start child care credit. The bill modifies the eligible dependent care expenses, allowing for higher limits for families with young children. It also introduces the Great Start child care credit, providing additional tax relief for families with young children. The credit percentage is subject to reductions based on the taxpayer's adjusted gross income.

Minnesota HF1384 expands the dependent care credit and establishes the Great Start child care credit.

Minnesota HF1384 amends the state's individual income tax laws to expand the dependent care credit and establish the Great Start child care credit. The bill modifies the eligible dependent care expenses, allowing for higher limits for families with young children. It also introduces the Great Start child care credit, providing additional tax relief for families with young children. The credit percentage is subject to reductions based on the taxpayer's adjusted gross income.