Personal Income Tax Law: Corporation Tax Law: credit: childcare.

Summary

The bill lets taxpayers claim a credit equal to 50% of qualified contributions to promote childcare, up to $100,000 per year, against their personal income or corporate tax. It applies to donations for day‑care facilities, grant or loan programs, pooled business contributions, and information services, and includes reporting requirements. The credit aims to raise funds for early‑childhood programs and help families in need.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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