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DIGEST OF INTRODUCED BILL
Qualified child care expenditure tax credits. Establishes a state tax credit for a taxpayer that makes qualified child care expenditures, qualified child care resource and referral expenditures, or qualified child care planning expenditures on behalf of its employees. Provides that the maximum amount of the credit for each taxable year is the lesser of the taxpayer's pro rata share of: (1) $20,000; or (2) 40% of the taxpayer's qualified expenditures.