Encourage Family-friendly Businesses through a Tax Credit for Child Care

Last updated: Jun 12, 2017

Details about this bill
Category: Wage and Labor
Status: Appropriations Table
Sponsor: Representative Erin Herbig, House 43
Session: 128
Bill #: LD 1317




This bill amends the tax credit allowed for employer-assisted day care, which expired at the end of 2015, except for the ability to carry forward unused credits. This bill revives the credit for tax years beginning in 2017 or later but changes the amount of the credit provided to an employer who provides day care services for the children of its employees, either directly or through payments to a day care operated or licensed by the Department of Health and Human Services. The credit is the lesser of 50% of the employer's income tax liability and 75% of the costs incurred by the employer in providing day care services for children of employees of the taxpayer.