Income tax, state; credits and deductions for household and dependent care services.

Income tax credits and deductions; householdand dependent care services. Provides an income tax credit toindividuals and married persons filing a joint return in an amountequal to a percentage of the federal tax credit provided for householdand dependent care services necessary for gainful employment. Underthe provisions of the bill, the percentage amounts of the federalcredit are as follows: 100 percent for single taxpayers with up to$50,000 of adjusted gross income, 75 percent for single taxpayerswith up to $100,000 of adjusted gross income, 50 percent for singletaxpayers with up to $250,000 of adjusted gross income, and zeropercent for taxpayers with over $250,000 of adjusted gross income.The income thresholds are doubled for married taxpayers filing jointly.The bill makes such credit available for taxable year 2020. Under current law, a deduction, but not acredit, is allowed to such taxpayers for such expenses. The deductionis not available in taxable year 2020 but will be available againin subsequent years.