Pennsylvania HB1534 amends tax credit definitions and establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program.

Pennsylvania HB1534 amends the definition of "tax credit" and establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program. The bill provides a tax credit for child and dependent care employment-related expenses, with specific amounts based on the number of dependents. The Department of Revenue must report annually on the program's effectiveness. The tax credit applies to taxable years beginning after December 31, 2021, and ending before January 1, 2023, and subsequent years. The act takes effect immediately.

Pennsylvania HB1534 amends tax credit definitions and establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program.

Pennsylvania HB1534 amends the definition of "tax credit" and establishes the Pennsylvania Child and Dependent Care Enhancement Tax Credit Program. The bill provides a tax credit for child and dependent care employment-related expenses, with specific amounts based on the number of dependents. The Department of Revenue must report annually on the program's effectiveness. The tax credit applies to taxable years beginning after December 31, 2021, and ending before January 1, 2023, and subsequent years. The act takes effect immediately.