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For taxable years beginning on or after January 1, 2000, AB 480
(Ch. 00-114) allows taxpayers a refundable credit for the cost of
employment-related child and dependent care (R&TC Sec. 17052.6). The credit
is based on a percentage of the nonrefundable federal child and dependent care
credit depending on California AGI as follows:
|
California Refundable Child
and Dependent Care Credit
|
|
California AGI
|
Percentage of federal credit
|
| $40,000 or less |
|
More than $40,000, but
not more than $70,000 |
|
More than $70,000, but
not more than $100,000 |
|
| More than $100,000 |
0 percent
|
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