Andrea Valderrama
- Democratic
- Representative
- District 47
Primary
Creates refundable child tax credit, calculated based on number of dependents of taxpayer that are qualifying children with respect to taxpayer and are under six years of age at close of tax year. Limits credit to five dependents per tax return. Phases out amount of available credit based on adjusted gross income of taxpayer. Adjusts credit amount and phaseout threshold for inflation. Directs Department of Revenue to make quarterly advance payments of credit amounts. Requires Department of Human Services to seek waiver of federal requirements in Supplemental Nutrition Assistance Program in order to allow recipients of supplemental nutrition assistance to receive advance child tax credit payments. Provides that credit is not subject to garnishment. Applies to tax years beginning on or after January 1, 2024] 2023, and before January 1, 2030] 2029. Takes effect on 91st day following adjournment sine die.
Chapter 538, (2023 Laws): Effective date September 24, 2023.
Governor signed.
President signed.
Speaker signed.
Vote explanation(s) filed by Smith DB.
Rules suspended. Third reading. Carried by Campos. Passed.
Second reading.
Recommendation: Do pass the B-Eng. bill.
Referred to Tax Expenditures.
First reading. Referred to President's desk.
Rules suspended. Third reading. Carried by Reynolds. Passed.
Second reading.
Recommendation: Do pass with amendments and be printed B-Engrossed.
Work Session held.
Informational Meeting held.
Public Hearing held.
Referred to Tax Expenditures by prior reference.
Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Tax Expenditures by prior reference.
Work Session held.
Public Hearing held.
Referred to Early Childhood and Human Services with subsequent referral to Tax Expenditures.
First reading. Referred to Speaker's desk.
| Bill Text Versions | Format |
|---|---|
| A-Engrossed | |
| B-Engrossed | |
| Enrolled | |
| House Amendments to A-Engrossed | |
| House Amendments to Introduced | |
| Introduced | |
| HECHS Amendment -7 | |
| JCTE Amendment -A12 |
| Document | Format |
|---|---|
| No related documents. |
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