Massachusetts S1956 proposes a tax credit for businesses providing childcare services to employees.

Massachusetts S1956 aims to incentivize businesses to provide childcare services to their employees by offering a tax credit. Qualifying businesses can receive a credit equal to 25% of the money they spend on childcare services, up to a maximum of $750,000 per business per year. The bill also mandates a study on the program's impact and requires the creation of a technical assistance infrastructure to support smaller businesses in accessing the credit. The pilot program will be funded up to $10,000,000 and will be subject to appropriation for renewal or adjustment.

Massachusetts S1956 proposes a tax credit for businesses providing childcare services to employees.

Massachusetts S1956 aims to incentivize businesses to provide childcare services to their employees by offering a tax credit. Qualifying businesses can receive a credit equal to 25% of the money they spend on childcare services, up to a maximum of $750,000 per business per year. The bill also mandates a study on the program's impact and requires the creation of a technical assistance infrastructure to support smaller businesses in accessing the credit. The pilot program will be funded up to $10,000,000 and will be subject to appropriation for renewal or adjustment.