Authorizes tax credits for child care

Summary

The bill establishes three new tax‑credit programs that let taxpayers claim a credit for donating to child‑care providers or intermediaries, for employers who pay qualified child‑care costs, and for child‑care providers that meet certain staffing and spending thresholds. Credits are limited to $20 million per year, can be carried forward six years, and expire on Dec. 31, 2032 unless renewed. The measure failed to pass the Senate.

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

Topics

Share