Bill would expand Nebraska child care tax credit
LINCOLN, Neb. (AP) — Families with children or dependents could qualify for a slightly larger tax credit under a bill introduced in the Legislature.
Senator Kate Bolz proposed legislation Wednesday that would increase the credit for families who have an adjusted gross income of $29,000 or more per year.
The proposal would allow them to claim up to 28 percent of their child care expenses, up from the current 25 percent. The credit is nonrefundable, so it couldn't reduce a family's tax liability to less than zero.
Bolz says she introduced the bill because of increases in the cost of child care. Families making less than $29,000 receive larger tax credits for child care expenses, depending on their income.
The bill is LB691.
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