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Committee hears plan for $1,200 child tax credit for families with young children
Summary
House Bill 220 would provide a targeted state child tax credit up to $1,200 for families with children ages 5 and under, phased out at middle incomes; proponents cited poverty‑reduction evidence while revenue staff outlined a roughly $30 million cost estimate based on 2023 filings and demographic assumptions.
Representative S.J. Howell presented House Bill 220, which would give families with children ages 5 and younger a refundable (?) tax credit up to $1,200 per child phased down between household incomes of $50,000 and $58,000. "House Bill 220 creates a child tax credit," Howell said, adding the bill would reach an estimated 47,000 households and almost 85,000 children under the sponsor's assumptions.
Proponents including Rose Bender of the Montana Budget and Policy Center and Kaly Wicks of 0 to 5 Montana argued the credit addresses rising costs for…
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