Dayton outlines child-care, dependent care tax credit proposal

DFL Gov. Mark Dayton on Tuesday said 130,000 Minnesota families stand to benefit from tax credits aimed at reducing the cost of child care and care for the elderly.

January 20, 2015 at 10:19PM
Gov. Mark Dayton.
Gov. Mark Dayton. (The Minnesota Star Tribune)
Gov. Mark Dayton gives his inaugural address during the Inauguration Ceremony at Landmark Center in St. Paul on Monday, January 5, 2015. ] LEILA NAVIDI leila.navidi@startribune.com / ORG XMIT: MIN1501051344320329
(DML - DML - STAR TRIBUNE Star Tribune Star Tribune/The Minnesota Star Tribune)

As many as 130,000 Minnesota families could receive state help to reduce the cost of child care and dependent care for the elderly under a proposal by Gov. Mark Dayton unveiled Tuesday.

Dayton, the two-term DFL governor, said the initiative would provide direct tax relief that could reduce the cost of child care and dependent care for working families.

"Rising childcare costs have put hard financial strains on many Minnesota families, making it increasingly difficult for working parents to hold their jobs while assuring quality care for their children," Dayton said in a statement. "My Child Care Tax Credit helps to provide Minnesota families with options -- so they don't have to choose between working and caring for their families."

The proposal would provide about $100 million direct tax relief. Under Dayton's plan, the average family would receive $481; the maximum benefit would be $2,100 for eligibile families.

Photo: Gov. Mark Dayton gives his inaugural address earlier this month at the Landmark Center in St. Paul. (Leila Navidi/Star Tribune)

about the writer

about the writer

Ricardo Lopez

Reporter

See Moreicon