Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Childcare payroll tax collections lag initial forecast; staff says catch-up and compliance still possible
2138558 · January 22, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Tom Kivett said early childcare payroll tax receipts are below the forecast and that filing timing and compliance likely explain part of the gap.
Tom Kivett, staff member, told the Ways & Means Committee that early childcare payroll tax collections are below the forecast and that timing and compliance issues likely explain much of the shortfall.
A member noted a roughly $5 million shortfall relative to staff projections for the childcare payroll tax. Kivett said the incomplete series and filing timing are major factors:…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
