HB804

Ohio HB804 establishes a refundable income tax credit for certain child care expenses.

Ohio HB804, known as the Childcare Tax Credit Act, creates a refundable income tax credit for eligible child care expenses. This credit is available to taxpayers with a household income at or below 750% of the federal poverty line. The credit amount varies based on the taxpayer's household income relative to the federal poverty line. The act also includes provisions for pass-through entities to file a single return on behalf of their investors, with specific rules for who can be included in such a return.