Providing for income tax credits for payment of employee's child care related expenses and certain employer contributions to expand community child care availability.

Summary

The bill would let businesses claim a credit against their state income tax for expenses such as paying employees’ child‑care, funding on‑site child‑care centers, and contributing to third‑party child‑care providers. Credits range from 30% to 75% of qualified spending, with annual caps per taxpayer and a $3 million aggregate limit. It aims to lower child‑care costs for workers and expand available care options.

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

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