California AB2673 allows a tax credit for contributions to childcare programs until 2033.

California AB2673 introduces a tax credit for contributions to promote childcare, allowing a credit of up to 50 percent of qualified contributions, not exceeding $100,000 per taxpayer per year. This credit applies to contributions made for activities such as establishing or operating childcare facilities, creating grant or loan programs for parents needing childcare assistance, pooling funds for qualified childcare facilities, and setting up information dissemination programs. The credit is available for taxable years starting from 2027 until 2031 and is subject to documentation requirements.

California AB2673 allows a tax credit for contributions to childcare programs until 2033.

California AB2673 introduces a tax credit for contributions to promote childcare, allowing a credit of up to 50 percent of qualified contributions, not exceeding $100,000 per taxpayer per year. This credit applies to contributions made for activities such as establishing or operating childcare facilities, creating grant or loan programs for parents needing childcare assistance, pooling funds for qualified childcare facilities, and setting up information dissemination programs. The credit is available for taxable years starting from 2027 until 2031 and is subject to documentation requirements.