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DFA outlines Arkansas childcare tax credits and low utilization of employer credit
Summary
State revenue officials outlined three Arkansas tax credits related to childcare — a 20% nonrefundable childcare credit, a refundable 20% early‑childhood program credit for approved providers, and an employer‑provided childcare credit under 26‑51‑508 — and reported modest utilization of the refundable credit and none found for the employer credit in 2018–2019 returns reviewed.
Officials from the Division of Finance and Administration explained how three Arkansas tax credits intersect with federal rules and reported recent utilization rates.
Charlie Collins (Commissioner of Revenue, DFA) and Paul Gehring (Assistant Revenue Commissioner) said the state’s childcare income tax credit (Ark. Code 26‑51‑502 a & b as cited) piggybacks on the federal dependent care credit (26 U.S.C. 21) and provides a 20%…
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