Provides temporary corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

Summary

The bill lets a corporation claim a credit of up to 50 % of $50,000 in costs for buying, building, or renovating property that will house a child‑care center serving the children of its workers. To get the credit, the company must sign an agreement with the state, prove the expenses, and keep the center operating for five years. If the center stops operating, the company must repay the credit, unless the closure is due to a casualty or another party takes over the center.

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

Topics

Share