Child Care Business Tax Credit

Summary

The bill revises Utah's nonrefundable income tax credits so employers can claim a larger credit for child‑care expenses and can now include contracts with off‑site child‑care centers. Small businesses that meet the federal definition receive a 30% credit, while other employers receive a 10% credit, and the previous requirement to claim a construction credit first is removed. The Governor’s office must maintain a website with information, and the credit includes a repayment schedule if the child‑care service stops operating.

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

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