SB 268: Income tax, state; creates child tax credit.
SB 268 status: Introduced — Continued from last session (updated Jul 21, 2026).
What this bill does
Overall score
Bill summary
OfficialBetween 2027 and 2031, the state will give families a tax credit for each child that matches the amount of the federal child tax credit. Because it is "refundable," you will receive this money even if you don’t owe any state income taxes. You can claim the credit once for each qualifying child.
Key analysis
Impact analysis
Environment
Benefits
- no identified direct effect
Risks
- no identified direct effect
Economy
Benefits
- increases disposable income for families
- potential stimulus effect for local consumption
Risks
- significant decrease in state tax revenue
- potential need for offsetting tax hikes or spending cuts
Society
Benefits
- provides financial assistance to families with children
- refundable nature aids low-income households
Risks
- benefits are temporary (2027-2031)
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
large fiscal impact may complicate legislative passage
analysis based solely on summary abstract
Where it stands
Introduced
CurrentContinued from last session
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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