Child Care Refundable Tax Credit Authorization Table
Tax Year 2025: $15,000,000 Maximum
| Total Applications Received | Amount Requested* | Amount Reserved** | |
|---|---|---|---|
|
As of March 8, 2026 |
10,954 |
$22,772,000 |
$15,000,000 |
Tax Year 2024: $15,000,000 Maximum
| Total Applications Received | Amount Requested* | Amount Reserved** | |
|---|---|---|---|
|
As of August 13, 2025 |
10,722 |
$22,249,000 |
$15,000,000 |
The tax credit limitation of $15,000,000 for tax year 2025 was reached on January 29, 2026. Submissions received on January 29, 2026, have been prorated. When prorating, the DOR uses a ratio of the amount of remaining credits available on the day the annual limit is reached compared to the amount requested on said date. This ratio is applied to determine the prorated tax credit amount that can be approved for applications received on the date the annual limit is reached. Forms 7203 received on the date the annual limit was reached for tax year 2025 were approved at a prorated amount of approximately 37% of their requested credit.
*The amount requested equals the total amount of credits requested based on all Forms 7203 filed with DOR. Allow at least ten (10) business days for DOR to process and approve Forms 7203 to reserve the tax credits.
**The amount reserved reflects the tax credits approved by DOR that are subject to the annual tax credit limitation. The amount reserved does not include requests still under consideration.
