Establishes a pilot program for an employer-provided childcare tax credit in Massachusetts.

The bill establishes a pilot program for an employer-provided childcare tax credit in Massachusetts. Qualifying employers can receive a credit of up to 25% of their expenditures on childcare services for employees, with a maximum credit of $750,000 per employer per year. The executive office of economic development, in partnership with the Department of Revenue, will conduct annual studies on the program's impact and submit findings to relevant committees. The pilot program will receive funding up to $10,000,000 and may be renewed or adjusted based on appropriations.

Establishes a pilot program for an employer-provided childcare tax credit in Massachusetts.

The bill establishes a pilot program for an employer-provided childcare tax credit in Massachusetts. Qualifying employers can receive a credit of up to 25% of their expenditures on childcare services for employees, with a maximum credit of $750,000 per employer per year. The executive office of economic development, in partnership with the Department of Revenue, will conduct annual studies on the program's impact and submit findings to relevant committees. The pilot program will receive funding up to $10,000,000 and may be renewed or adjusted based on appropriations.