This Minnesota House bill (H.F. No. 1563) proposes tax incentives related to employer-provided dependent care assistance and child care expenses. Specifically:

1. Income Tax Subtraction for Dependent Care Assistance:

   • Allows taxpayers to subtract employer-provided dependent care assistance from their taxable income.
     
   • The subtraction is capped at $10,000 for married taxpayers filing jointly and $5,000 for all other filers.
     
   • Dependent care assistance follows the definition under section 129(e)(1) of the Internal Revenue Code but applies only to amounts exceeding the tax-exempt limit under section 129(a).

2. Tax Credit for Employer-Provided Child Care Expenses (details not included in the provided text but implied by the bill's title).

The bill was introduced by Representatives Nadeau, Olson, Myers, and Wiener and referred to the Committee on Children and Families Finance and Policy for further consideration.