AN ACT ESTABLISHING A CHILD AND DEPENDENT TAX CREDIT AGAINST THE PERSONAL INCOME TAX.

HB 6751 would create a $1,000 tax credit against state personal income tax for each qualifying child or dependent claimed by taxpayers. This bill directly affects individuals who file state income tax returns and claim dependents, including parents and caregivers. The key provision would reduce a taxpayer's state income tax liability by $1,000 for every child or dependent listed on their return. The credit would apply to the personal income tax, lowering the amount owed without changing the tax rate or structure.