Massachusetts H3197 proposes a tax credit for family child care providers to support the sector's sustainability.
Massachusetts H3197 amends the state's tax code to introduce a new tax credit for family child care providers. This credit, set at $3,300 and adjusted annually for inflation, aims to support the sustainability of the family child care sector. Providers who receive this credit can carry over unused portions to future tax years, up to three years. This measure seeks to alleviate financial burdens on family child care providers, ensuring the sector's viability and stability.
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