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Committee advances smaller child tax credit; advocates say it would aid families facing childcare costs
Summary
The House Taxation Committee voted 14–7 to advance a bill creating a refundable child tax credit of $1,000 per child under age 5 (phasing down by income). Supporters described steep childcare costs and urged relief for low- and moderate-income families.
The House Taxation Committee on Monday approved House Bill 942 to create a $1,000 child tax credit for qualifying children ages 5 and under, with the credit phased out for higher earners.
Representative Pete Elverum, the bill sponsor, said the smaller credit amount is designed to be fiscally attainable while targeting families most in need. “When I started this process... my…
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