This bill amends income tax provisions.
This bill:
- amends the corporate franchise and income tax rates;
- amends the individual income tax rate;
- enacts nonrefundable corporate and individual income tax credits for employer-provided child care;
- allows a taxpayer to claim the nonrefundable child tax credit for child dependents under one year old and up to five years old; and
- makes conforming changes.

Statutes affected:
Introduced: 59-7-104, 59-7-201, 59-10-104
Substitute #1: 59-7-104, 59-7-201, 59-10-104
Substitute #2: 59-7-104, 59-7-201, 59-10-104, 59-10-1047
Substitute #3: 59-7-104, 59-7-201, 59-10-104, 59-10-1002.2, 59-10-1047
Substitute #5: 59-10-1002.2, 59-10-1047
Enrolled: 59-7-104, 59-7-201, 59-10-104, 59-10-1002.2, 59-10-1047
Substitute #4: 59-7-104, 59-7-201, 59-10-104, 59-10-1002.2, 59-10-1047