Child and dependent care tax credit.
SB 395 modifies Indiana's child and dependent care tax credit, affecting working families' tax benefits and state budget revenue.
SB 395 modifies Indiana's child and dependent care tax credit, affecting working families' tax benefits and state budget revenue.
SB 395 proposes modifications to Indiana's child and dependent care tax credit, a tax benefit that helps working families offset costs for childcare and dependent care expenses. The bill was recently introduced and referred to the Tax and Fiscal Policy Committee for initial review. Specific details about what changes are being proposed are not yet publicly available in standard legislative databases.
Child and dependent care tax credits directly affect working parents' household budgets and can influence labor force participation, particularly among secondary earners. Changes to these credits impact state revenue, family affordability, and potentially economic competitiveness for attracting and retaining working families in Indiana.
Compiled from official sources — confirm details with the bill’s official record.
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