Plain English Breakdown
The official source material does not provide specific details about the mechanics of the new child tax credit or who will be affected by it.
Child Tax Credit for Individual Income Tax
This law creates a new child tax credit in the state's individual income tax system.
What This Bill Does
- Adds a new section to existing laws about individual income taxes.
Terms To Know
- Individual Income Tax
- A tax that people pay based on their personal earnings or income.
Limits and Unknowns
- The official source material does not provide specific details about who will be affected by this law.
- It's unclear how the new child tax credit will work in practice without further details.