Income taxes: credit: unemployed workers: child care costs.

The Personal Income Tax Law and Corporation Tax Law provide tax credits for startup expenses for child care programs or for constructing a child care facility, costs for child care information and referral services, and costs paid or incurred for contributions to a qualified child care plan. Under existing law, these credits are available for certain taxable years beginning before January 1, 2012. This bill would, for each taxable year beginning on or after January 1, 2011, provide a tax credit for 100% of the costs paid or incurred by the taxpayer, as defined, for contributions, as defined, for child care, as specified. This bill would take effect immediately as a tax levy.