St. Paul, MN - Today, the Minnesota House approved new tax credits and rebates to help Minnesotans who are struggling with rising costs. The majority of the benefits in the House DFL tax bill go to families with young children, senior citizens living on fixed incomes, and people with student loan debt. The bill passed on a vote of 69-62.
State Representative Carlie Kotyza-Witthuhn (DFL - Eden Prairie), who voted for the legislation, also authored a key provision to reduce costs for families with young children via the Great Start Child Care Credit.
“Young families have been struggling with affordable child care for years, which has fed into our current workforce shortage. The Great Start Child Care Credit takes on one of families’ biggest expenses and better ensures our youngest Minnesotans can get the care they need while allowing parents to return to work,” said Rep. Kotyza-Witthuhn. “Passing this proposal says to families with young children: You’re welcome in Minnesota. We want you to live, work, and raise your families here – and we will help you do it.”
Specifically, the proposal reduces the cost of child care by providing a tax credit of up to $3,000 for each child under five years of age, capped at $7,500 in total tax credits. The bill also provides a one-time “Child Tax Credit Rebate” of $325 for each child under 17 years of age.
More information on the Tax bill can be found here. Video of today’s floor session will be available on House Public Information Services’ YouTube channel.