Tax credit establishment for employer-provided child care expenses

Summary

The bill lets Minnesota employers claim a credit against their state income or franchise tax that mirrors a portion of the federal child‑care credit, but only for expenses incurred in the state. Employers must apply to the commissioner of employment and economic development for an allocation certificate, and any unused credit can be carried forward for up to five years. The credit becomes available for tax years beginning after Dec. 31, 2026.

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