Montana SB321 provides tax credits for children and child care, including a child tax credit and a credit for child-care workers.

Montana SB321 introduces tax credits to support children and child care. It provides a child tax credit for resident taxpayers with children aged five or younger, subject to income limitations. Additionally, it offers a credit for child-care workers who have been employed for at least six months and worked a minimum of 20 hours a week. The bill also includes a business-supported dependent care credit for employers providing dependent care assistance to employees. The credits are subject to annual inflation adjustments and specific eligibility criteria.

Montana SB321 provides tax credits for children and child care, including a child tax credit and a credit for child-care workers.

Montana SB321 introduces tax credits to support children and child care. It provides a child tax credit for resident taxpayers with children aged five or younger, subject to income limitations. Additionally, it offers a credit for child-care workers who have been employed for at least six months and worked a minimum of 20 hours a week. The bill also includes a business-supported dependent care credit for employers providing dependent care assistance to employees. The credits are subject to annual inflation adjustments and specific eligibility criteria.