Massachusetts H3086 provides tax credits to employers offering affordable, on-site child-care for employees.

Massachusetts H3086 establishes a Workplace Child Care program tax credit for business corporations that provide affordable, on-site child care for their employees. To qualify, the child care center must be licensed, open to all employees, and not discriminate based on compensation levels. The credit is equal to 25% of the qualified child care expenditures, with a maximum of $500,000 per business corporation per year. The Department of Early Education and Care sets the criteria for eligibility and affordability, ensuring the child care costs do not exceed allowable rates.

Massachusetts H3086 provides tax credits to employers offering affordable, on-site child-care for employees.

Massachusetts H3086 establishes a Workplace Child Care program tax credit for business corporations that provide affordable, on-site child care for their employees. To qualify, the child care center must be licensed, open to all employees, and not discriminate based on compensation levels. The credit is equal to 25% of the qualified child care expenditures, with a maximum of $500,000 per business corporation per year. The Department of Early Education and Care sets the criteria for eligibility and affordability, ensuring the child care costs do not exceed allowable rates.